Perceptron (NASDAQ:PRCP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, Zacks.com reports. The brokerage presently has a $5.25 price objective on the scientific and technical instruments company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 3.75% from the stock’s previous close.

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. “

A number of other equities research analysts also recently commented on PRCP. B. Riley reduced their price objective on shares of Perceptron from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday. TheStreet cut shares of Perceptron from a “c” rating to a “d+” rating in a report on Thursday, June 13th.

NASDAQ:PRCP traded up $0.06 during mid-day trading on Wednesday, reaching $5.06. The stock had a trading volume of 41 shares, compared to its average volume of 32,675. The firm has a market capitalization of $48.92 million, a price-to-earnings ratio of 508.50 and a beta of 0.95. Perceptron has a twelve month low of $3.56 and a twelve month high of $10.95. The business has a 50 day simple moving average of $4.55 and a 200 day simple moving average of $5.64.

Perceptron (NASDAQ:PRCP) last announced its quarterly earnings data on Wednesday, September 4th. The scientific and technical instruments company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.05). The firm had revenue of $18.20 million during the quarter, compared to analyst estimates of $16.52 million. Perceptron had a negative net margin of 9.08% and a positive return on equity of 0.16%. On average, equities research analysts forecast that Perceptron will post 0.35 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. purchased a new position in Perceptron in the second quarter valued at about $45,000. Renaissance Technologies LLC increased its holdings in Perceptron by 2.3% in the second quarter. Renaissance Technologies LLC now owns 613,130 shares of the scientific and technical instruments company’s stock valued at $2,728,000 after buying an additional 13,531 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its holdings in Perceptron by 3.4% in 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 in the last quarter. 69.45% of the stock is owned by institutional investors.

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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