Perceptron Inc. (NASDAQ:PRCP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “Perceptron, Inc. designs, manufactures and markets information based process measurement and guidance solutions which help customers improve performance. Perceptron’s product offerings are designed to improve quality,increase productivity and decrease costs in the automotive and forest products workplace. Perceptron’s design philosophy is to create systems which incorporate sophisticated proprietary software and hardware to minimize the need for customer application engineering. “
Separately, Canaccord Genuity reissued a “buy” rating and issued a $7.00 price objective on shares of Perceptron in a report on Sunday, August 7th.
Shares of Perceptron (NASDAQ:PRCP) traded up 8.60% during midday trading on Wednesday, hitting $6.44. 57,351 shares of the stock traded hands. Perceptron has a 1-year low of $4.18 and a 1-year high of $9.12. The stock has a 50 day moving average of $6.23 and a 200 day moving average of $5.66. The company’s market capitalization is $60.39 million.
Perceptron (NASDAQ:PRCP) last released its quarterly earnings data on Monday, November 7th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.18. The company earned $17.50 million during the quarter, compared to analyst estimates of $17.80 million. Perceptron had a negative net margin of 31.24% and a negative return on equity of 8.24%. Equities research analysts predict that Perceptron will post $0.15 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Punch & Associates Investment Management Inc. increased its stake in shares of Perceptron by 24.4% in the third quarter. Punch & Associates Investment Management Inc. now owns 326,000 shares of the company’s stock valued at $2,191,000 after buying an additional 64,000 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Perceptron during the first quarter valued at about $246,000. Franklin Resources Inc. acquired a new stake in shares of Perceptron during the second quarter valued at about $205,000. Ancora Advisors LLC increased its stake in shares of Perceptron by 10.0% in the second quarter. Ancora Advisors LLC now owns 66,225 shares of the company’s stock valued at $310,000 after buying an additional 6,000 shares in the last quarter. Finally, Penbrook Management LLC increased its stake in shares of Perceptron by 3.7% in the third quarter. Penbrook Management LLC now owns 127,098 shares of the company’s stock valued at $854,000 after buying an additional 4,500 shares in the last quarter. 69.74% of the stock is owned by institutional investors and hedge funds.
Perceptron Company Profile
Perceptron, Inc (Perceptron) develops, produces and sells a range of automated industrial dimensional inspection and three-dimensional (3D) scanning products. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning, and advanced analysis software.