Daktronics (NASDAQ:DAKT) Stock Price Down 3.3%

Daktronics, Inc. (NASDAQ:DAKT) fell 3.3% during mid-day trading on Tuesday . The company traded as low as $13.28 and last traded at $13.31. 113,335 shares were traded during mid-day trading, a decline of 78% from the average session volume of 509,459 shares. The stock had previously closed at $13.77.

Daktronics Stock Performance

The stock has a market capitalization of $608.79 million, a price-to-earnings ratio of 22.02, a P/E/G ratio of 0.41 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.37 and a current ratio of 2.09. The stock has a fifty day simple moving average of $11.10 and a two-hundred day simple moving average of $9.48.

Hedge Funds Weigh In On Daktronics

Institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its stake in shares of Daktronics by 11.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,600 shares of the technology company’s stock valued at $211,000 after acquiring an additional 2,400 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Daktronics during the 1st quarter worth about $34,000. Watershed Asset Management L.L.C. boosted its position in shares of Daktronics by 12.7% during the 4th quarter. Watershed Asset Management L.L.C. now owns 32,326 shares of the technology company’s stock worth $274,000 after purchasing an additional 3,655 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Daktronics by 26.9% in the 4th quarter. SG Americas Securities LLC now owns 20,815 shares of the technology company’s stock valued at $177,000 after buying an additional 4,416 shares during the period. Finally, Gabelli Funds LLC increased its position in Daktronics by 7.2% in the 4th quarter. Gabelli Funds LLC now owns 69,700 shares of the technology company’s stock valued at $591,000 after buying an additional 4,700 shares in the last quarter. 61.69% of the stock is owned by institutional investors and hedge funds.

Daktronics Company Profile

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.