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Tuesday, February 7, 2012

Stock Alert - Zoltek Companies (NASDAQ: ZOLT) was downgraded “hold” rating to an “underperform - 2/7/12

Zoltek Companies (NASDAQ: ZOLT) was downgraded by research analysts at Needham & Company from a “hold” rating to an “underperform” rating in a report issued on Tuesday.

Separately, analysts at Zacks Investment Research upgraded shares of Zoltek Companies from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 6th. Also, analysts at DA Davidson upgraded shares of Zoltek Companies from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, November 30th. They now have a $10.00 price target on the stock, up previously from $8.00.

Shares of Zoltek Companies opened at 14.58 on Tuesday. Zoltek Companies has a one year low of $5.60 and a one year high of $16.06. The stock’s 50-day moving average is $8.63 and its 200-day moving average is $7.92. The company’s market cap is $501.1 million. 

 
Zoltek Companies (NASDAQ: ZOLT)   resistance level is $15 and support level is $10.

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