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. “
Several other research analysts have also recently weighed in on the stock. ValuEngine cut shares of Yext from a strong-buy rating to a buy rating in a report on Friday, May 10th. B. Riley set a $13.00 price objective on shares of Audioeye and gave the company a buy rating in a report on Monday, May 13th. Finally, TheStreet raised shares of SUMMIT THERAPEU/S from a d rating to a c- rating in a report on Thursday, June 13th.
Perceptron stock remained flat at $$3.70 during trading hours on Tuesday. 405 shares of the company’s stock traded hands, compared to its average volume of 59,097. The stock has a market cap of $36.07 million, a P/E ratio of 9.49 and a beta of 1.01. Perceptron has a twelve month low of $3.56 and a twelve month high of $11.62. The stock has a 50-day moving average price of $4.36.
Perceptron (NASDAQ:PRCP) last released its quarterly earnings data on Thursday, May 9th. The scientific and technical instruments company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.13). Perceptron had a net margin of 2.61% and a return on equity of 3.45%. The company had revenue of $15.63 million for the quarter, compared to analysts’ expectations of $18.40 million. Equities analysts predict that Perceptron will post 0.13 EPS for the current year.
In related news, Director John F. Bryant acquired 482,991 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was purchased at an average cost of $4.75 per share, with a total value of $2,294,207.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 489,991 shares of company stock valued at $2,325,227 over the last three months. 12.51% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in PRCP. Quantum Capital Management increased its holdings in Perceptron by 3.1% during the first quarter. Quantum Capital Management now owns 142,191 shares of the scientific and technical instruments company’s stock valued at $1,066,000 after buying an additional 4,314 shares during the last quarter. Penbrook Management LLC increased its holdings in Perceptron by 8.7% during the first quarter. Penbrook Management LLC now owns 173,993 shares of the scientific and technical instruments company’s stock valued at $1,305,000 after buying an additional 13,950 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. increased its holdings in Perceptron by 3.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 585,644 shares of the scientific and technical instruments company’s stock valued at $4,392,000 after buying an additional 19,060 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.
Perceptron Company Profile
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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