Perceptron, Inc. (NASDAQ:PRCP) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 51,200 shares, a growth of 14.3% from the January 15th total of 44,800 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 19,300 shares, the short-interest ratio is presently 2.7 days.
Separately, Zacks Investment Research raised shares of Perceptron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 15th.
A number of hedge funds have recently modified their holdings of the business. Quantum Capital Management grew its position in shares of 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 valued at $1,124,000 after acquiring an additional 6,994 shares during the period. Bailard Inc. bought a new position in shares of Perceptron during the 3rd quarter valued at approximately $92,000. Ancora Advisors LLC grew its position in shares of Perceptron by 21.0% during the 4th quarter. Ancora Advisors LLC now owns 138,767 shares of the scientific and technical instruments company’s stock valued at $763,000 after acquiring an additional 24,055 shares during the period. Renaissance Technologies LLC grew its position in shares of Perceptron by 5.5% during the 4th quarter. Renaissance Technologies LLC now owns 672,814 shares of the scientific and technical instruments company’s stock valued at $3,700,000 after acquiring an additional 34,879 shares during the period. Finally, Essex Investment Management Co. LLC bought a new position in shares of Perceptron during the 4th quarter valued at approximately $426,000. 58.78% of the stock is owned by institutional investors and hedge funds.
Shares of PRCP stock opened at $5.16 on Friday. Perceptron has a 52-week low of $3.56 and a 52-week high of $8.14. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.98 and a current ratio of 2.45. The company has a 50-day simple moving average of $5.91 and a two-hundred day simple moving average of $5.04. The company has a market capitalization of $49.91 million, a price-to-earnings ratio of -6.14 and a beta of 1.02.
Perceptron (NASDAQ:PRCP) last issued its quarterly earnings data on Monday, February 10th. The scientific and technical instruments company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Perceptron had a negative return on equity of 1.13% and a negative net margin of 11.35%. The firm had revenue of $19.13 million during the quarter, compared to the consensus estimate of $23.28 million. On average, sell-side analysts forecast that Perceptron will post 0.28 EPS for the current fiscal 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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