Perceptron, Inc. (NASDAQ:PRCP) announced its earnings results on Monday. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.02, Bloomberg Earnings reports. The business had revenue of $22.35 million for the quarter, compared to the consensus estimate of $19.80 million. Perceptron had a negative net margin of 21.55% and a positive return on equity of 2.32%.

Perceptron (PRCP) opened at 7.44 on Tuesday. The company’s market capitalization is $70.08 million. The firm has a 50 day moving average of $7.32 and a 200-day moving average of $7.80. Perceptron has a 52-week low of $5.59 and a 52-week high of $8.95.

Several large investors have recently added to or reduced their stakes in the company. Kennedy Capital Management Inc. boosted its stake in Perceptron by 2.9% in the second quarter. Kennedy Capital Management Inc. now owns 27,874 shares of the scientific and technical instruments company’s stock valued at $203,000 after buying an additional 788 shares during the period. Northern Trust Corp boosted its position in Perceptron by 3.3% in the second quarter. Northern Trust Corp now owns 31,207 shares of the scientific and technical instruments company’s stock valued at $227,000 after buying an additional 983 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Perceptron by 21.6% in the second quarter. Goldman Sachs Group Inc. now owns 15,505 shares of the scientific and technical instruments company’s stock valued at $113,000 after buying an additional 2,752 shares during the last quarter. Royce & Associates LP boosted its position in Perceptron by 1.2% in the second quarter. Royce & Associates LP now owns 868,830 shares of the scientific and technical instruments company’s stock valued at $6,325,000 after buying an additional 10,000 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Perceptron by 32.6% in the first quarter. Wells Fargo & Company MN now owns 61,886 shares of the scientific and technical instruments company’s stock valued at $516,000 after buying an additional 15,200 shares during the last quarter. Institutional investors and hedge funds own 63.18% of the company’s stock.

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Separately, Zacks Investment Research upgraded shares of Perceptron from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Tuesday, July 11th.

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.

Earnings History for Perceptron (NASDAQ:PRCP)

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