Perceptron, Inc. (NASDAQ:PRCP) announced its earnings results on Monday. The scientific and technical instruments company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The company had revenue of $16.33 million for the quarter, compared to the consensus estimate of $17.50 million. Perceptron had a positive return on equity of 0.66% and a negative net margin of 24.03%.
Shares of Perceptron (NASDAQ:PRCP) traded down 0.319% during mid-day trading on Friday, hitting $7.815. The stock had a trading volume of 6,546 shares. Perceptron has a 1-year low of $4.18 and a 1-year high of $8.95. The firm’s market capitalization is $73.62 million. The stock’s 50-day moving average is $8.31 and its 200 day moving average is $7.36.
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A number of brokerages have weighed in on PRCP. Zacks Investment Research downgraded Perceptron from a “hold” rating to a “strong sell” rating in a report on Saturday, February 4th. Craig Hallum set a $9.00 price target on Perceptron and gave the stock a “buy” rating in a report on Tuesday, February 7th.
In other news, Director James A. Ratigan bought 3,910 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was acquired at an average price of $7.66 per share, for a total transaction of $29,950.60. Following the acquisition, the director now owns 2,247 shares of the company’s stock, valued at $17,212.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 10.31% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of PRCP. Goldman Sachs Group Inc. purchased a new stake in shares of Perceptron during the first quarter worth about $106,000. Renaissance Technologies LLC boosted its position in Perceptron by 6.5% in the first quarter. Renaissance Technologies LLC now owns 529,300 shares of the scientific and technical instruments company’s stock worth $4,414,000 after buying an additional 32,100 shares in the last quarter. Vanguard Group Inc. boosted its position in Perceptron by 4.4% in the first quarter. Vanguard Group Inc. now owns 320,593 shares of the scientific and technical instruments company’s stock worth $2,674,000 after buying an additional 13,434 shares in the last quarter. ClariVest Asset Management LLC bought a new position in Perceptron during the first quarter worth $217,000. Finally, Algert Global LLC bought a new position in Perceptron during the first quarter worth $491,000. Institutional investors and hedge funds own 70.53% of the company’s stock.
Perceptron Company Profile
Perceptron, Inc develops, produces and sells a range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and three-dimensional (3D) scanning. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines (CMMs), laser scanning and advanced analysis software.
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