Jefferies downgraded its rating on shares of Finisar Corp. (FNSR: Quote) Friday morning to "Underperform" from "Hold."
Finisar gapped open lower Friday and declined further in the afternoon. The stock finished down by 1.60 at $13.98 on strong volume. Finisar dropped to over a one-month low and fell below both its 50 and 200-day moving averages.
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by RTT Staff Writer
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