Needham & Company Downgrades Valence Technology (VLNC) to Hold; It Will Take A Bit Longer Than Anticipated

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November 9, 2011 7:53 AM EST
Get Alerts VLNC Hot Sheet
Price: $0.65 --0%

Rating Summary:
    0 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Needham & Company downgraded Valence Technology (NASDAQ: VLNC) from Buy to Hold.

Needham analyst says, "While we have a positive view on the company’s long-term fundamentals, it will take a bit longer than anticipated for the various initiatives to begin bearing fruit. The company’s lackluster outlook supports our view."

For an analyst ratings summary and ratings history on Valence Technology click here. For more ratings news on Valence Technology click here.

Shares of Valence Technology closed at $0.92 yesterday.

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