LRAD Corp (NASDAQ:LRAD) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus target price of $5.00 for the company and are anticipating that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also assigned LRAD an industry rank of 204 out of 256 based on the ratings given to its competitors.
Several brokerages have issued reports on LRAD. Oppenheimer began coverage on LRAD in a report on Tuesday, July 2nd. They set an “outperform” rating and a $5.00 price objective on the stock. UBS Group set a $54.00 price objective on Westlake Chemical and gave the stock a “sell” rating in a report on Tuesday, July 2nd. Finally, CIBC dropped their price objective on TFI International from C$47.00 to C$45.00 in a report on Tuesday, July 2nd.
Shares of LRAD stock traded up $0.02 during mid-day trading on Friday, hitting $3.79. 63,016 shares of the stock were exchanged, compared to its average volume of 79,701. The firm’s fifty day moving average price is $3.36. The company has a market capitalization of $122.80 million, a PE ratio of -63.17 and a beta of 0.62. LRAD has a 12-month low of $2.08 and a 12-month high of $3.84.
LRAD (NASDAQ:LRAD) last issued its quarterly earnings data on Tuesday, May 7th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $10.19 million for the quarter. LRAD had a negative return on equity of 0.88% and a negative net margin of 0.97%. As a group, analysts forecast that LRAD will post 0.11 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Princeton Global Asset Management LLC acquired a new stake in shares of LRAD during the fourth quarter worth about $25,000. Marshall Wace LLP acquired a new stake in LRAD in the first quarter valued at about $35,000. Finally, Dimensional Fund Advisors LP lifted its position in LRAD by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 128,241 shares of the scientific and technical instruments company’s stock valued at $323,000 after purchasing an additional 13,762 shares during the period. Institutional investors and hedge funds own 48.13% of the company’s stock.
LRAD Corporation designs, develops, and commercializes directed sound technologies and products in North and South America, Europe, the Middle East, Africa, and Asia. It develops directed acoustic communication systems that focus sound over short and long distances. The company offers directional and omnidirectional acoustic systems and accessories.
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