Perceptron, Inc. (NASDAQ:PRCP) saw a large decline in short interest in December. As of December 13th, there was short interest totalling 45,200 shares, a decline of 5.2% from the November 28th total of 47,700 shares. Based on an average daily volume of 19,200 shares, the short-interest ratio is currently 2.4 days. Approximately 0.5% of the shares of the stock are sold short.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quantum Capital Management increased its position in Perceptron by 3.1% during the 3rd quarter. Quantum Capital Management now owns 234,513 shares of the scientific and technical instruments company’s stock worth $1,124,000 after purchasing an additional 6,994 shares in the last quarter. Ancora Advisors LLC increased its position in Perceptron by 94.2% during the 3rd quarter. Ancora Advisors LLC now owns 114,712 shares of the scientific and technical instruments company’s stock worth $550,000 after purchasing an additional 55,646 shares in the last quarter. Bailard Inc. acquired a new stake in Perceptron during the 3rd quarter worth approximately $92,000. Dalton Greiner Hartman Maher & Co. acquired a new stake in Perceptron during the 3rd quarter worth approximately $401,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Perceptron during the 2nd quarter worth approximately $45,000. 60.55% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered shares of Perceptron from a “buy” rating to a “strong sell” rating in a research report on Thursday, November 7th.
Shares of NASDAQ PRCP traded up $0.10 during trading on Tuesday, hitting $6.12. 13,000 shares of the company were exchanged, compared to its average volume of 22,811. Perceptron has a 1 year low of $3.56 and a 1 year high of $8.88. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.45 and a quick ratio of 1.98. The firm’s fifty day moving average price is $5.28 and its 200 day moving average price is $4.75. The company has a market cap of $58.62 million, a price-to-earnings ratio of 612.00 and a beta of 0.97.
Perceptron (NASDAQ:PRCP) last released its earnings results on Monday, November 11th. The scientific and technical instruments company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). Perceptron had a negative net margin of 9.89% and a negative return on equity of 0.41%. The firm had revenue of $17.85 million during the quarter, compared to analysts’ expectations of $20.37 million. On average, research analysts forecast that Perceptron will post 0.28 earnings per share for the current year.
Perceptron, Inc develops, produces, and sells various automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection, and 3D scanning in Europe, Asia, and the Americas. It provides various in-line and near-line measurement solutions, including AutoGauge, AutoGauge ACF, AutoGuide, and Helix evo engineered metrology systems for industrial automated process control and assembly using fixed and robot mounted laser scanners; and offline measurement solutions comprising Coord3 and TouchDMIS for industrial gauging and dimensional inspection using standalone robot mounted laser scanners and coordinate measuring machines.
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