(Reuters) - Rohan also noted that gross margins of 31.2 percent should represent the trough quarter for 2007, with the company seeing an improvement sequentially. He raised his rating to "outperform" from "sector perform."
Shares of the company, which debuted in February on the Nasdaq, rose to as high as $6.94 before trading up 85 cents at $6.75 in morning trade.
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