Stock News in Focus: Rudolph Technologies (NYSE:RTEC)

Rudolph Technologies (NYSE:RTEC) stock identified change of 51.19% away from 52-week low price and recently located move of -14.08% off 52-week high price. It has market worth of $846.69M RTEC stock has been recorded 13.28% away from 50 day moving average and 22.89% away from 200 day moving average. Moving closer, we can see that shares have been trading 14.18% off 20-day moving average.

On June 24, 2019, WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Rudolph Technologies (NYSE:RTEC) in connection with the proposed acquisition of the Company by Nanometrics Incorporated (Nanometrics) (NASDAQ GS: NANO).  Under the terms of the agreement, RTEC shareholders will receive 0.8042 NANO shares for each RTEC share they own, representing consideration of $27.33 based on NANO’s June 24 opening price.

WeissLaw is investigating whether RTEC’s Board acted to maximize shareholder value prior to enteringinto the agreement.  Notably, at least one analyst set a target price of $32.00, or approximately $5.00 above the per-share consideration.

WeissLaw is also concerned whether the deal creates shareholder value for Rudolph’s shareholders.  Specifically, WeissLaw is investigating whether Rudolph’s Board conducted a fair process in agreeing to the proposed merger, whether the proposed merger undervalues the Company, and whether all material information related to the proposed merger is fully and fairly disclosed. The Technology sector company, Rudolph Technologies noticed change of 9.51% to $27.41 along volume of 821777 shares in recent session compared to an average volume of 164.45K. The stock observed return of 14.49% in 5 days trading activity. The stock was at 20.48% over one month performance. RTEC’s shares are at 24.42% for the quarter and driving a -13.53% return over the course of the past year and is now at 33.90% since this point in 2018. 

 The average volatility for the week at 3.74% and for month was at 2.81%. There are 30.89M shares outstanding and 30.33M shares are floated in market. Right now the stock beta is 0.91. 

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