RTTNews | Oct 4, 2021 10:50AM EDT

10:50 Monday, October 4, 2021 (RTTNews.com) - Shares of II-VI Inc. (IIVI) are slipping over 7% on Monday morning after Barclays downgraded the company's stock from Equalweight to Underweight with a price target of $56.00.

IIVI is currently trading at $56.34, down $4.25 or 7.01%, on the Nasdaq. The stock has a 52-week-high of $100.44 and a 52-week-low of $42.02.

II-VI Inc. develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. It operates through two segments, Compound Semiconductors and Photonic Solutions.

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