Pro-Dex (NASDAQ:PDEX) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Pro-Dex, Inc. (NASDAQ:PDEX) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.62 and traded as high as $47.81. Pro-Dex shares last traded at $47.51, with a volume of 26,369 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pro-Dex in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

Pro-Dex Stock Performance

The business’s fifty day moving average is $40.80 and its two-hundred day moving average is $37.76. The stock has a market capitalization of $152.83 million, a PE ratio of 18.34 and a beta of -0.04. The company has a quick ratio of 2.25, a current ratio of 4.03 and a debt-to-equity ratio of 0.19.

Pro-Dex (NASDAQ:PDEX) last released its quarterly earnings data on Thursday, January 29th. The medical instruments supplier reported $0.66 EPS for the quarter, beating the consensus estimate of $0.59 by $0.07. Pro-Dex had a net margin of 15.73% and a return on equity of 22.53%. The business had revenue of $18.66 million during the quarter, compared to analyst estimates of $17.30 million. As a group, research analysts anticipate that Pro-Dex, Inc. will post 2 EPS for the current fiscal year.

Institutional Trading of Pro-Dex

A number of institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. grew its position in Pro-Dex by 152.3% in the 3rd quarter. D.A. Davidson & CO. now owns 26,073 shares of the medical instruments supplier’s stock valued at $883,000 after acquiring an additional 15,738 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of Pro-Dex during the second quarter valued at $297,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Pro-Dex during the second quarter valued at $157,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Pro-Dex in the second quarter worth about $28,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Pro-Dex in the 1st quarter worth about $170,000. 15.28% of the stock is currently owned by institutional investors.

Pro-Dex Company Profile

Pro-Dex, Inc is a designer and manufacturer of precision drive systems and fluid management products serving the dental, medical, industrial and energy markets. The company specializes in high-speed, brushless micromotors and controllers, as well as pneumatic and fluid control devices, providing both standard and custom-engineered solutions for original equipment manufacturers.

Its product portfolio includes high-speed dental handpieces, turbine systems, rotary and reciprocating micro-drives, along with integrated fluid delivery systems.