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

Shares of Pro-Dex, Inc. (NASDAQ:PDEX) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.44 and traded as high as $39.38. Pro-Dex shares last traded at $38.45, with a volume of 21,858 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Pro-Dex in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

Pro-Dex Trading Down 2.2%

The company has a market cap of $123.42 million, a price-to-earnings ratio of 11.31 and a beta of -0.05. The company has a current ratio of 4.03, a quick ratio of 2.25 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average price is $40.55 and its 200-day moving average price is $38.44.

Pro-Dex (NASDAQ:PDEX) last released its quarterly earnings results on Thursday, January 29th. The medical instruments supplier reported $0.66 earnings per share 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 firm had revenue of $18.66 million for the quarter, compared to analysts’ expectations of $17.30 million. On average, equities analysts anticipate that Pro-Dex, Inc. will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PDEX. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Pro-Dex during the second quarter worth $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Pro-Dex during the second quarter worth about $50,000. Bank of America Corp DE increased its position in Pro-Dex by 173.3% during the second quarter. Bank of America Corp DE now owns 1,692 shares of the medical instruments supplier’s stock worth $74,000 after acquiring an additional 1,073 shares during the period. AlphaQuest LLC acquired a new stake in Pro-Dex in the 3rd quarter worth about $71,000. Finally, New York State Common Retirement Fund bought a new stake in Pro-Dex in the 2nd quarter valued at about $105,000. 15.28% of the stock is owned by institutional investors and hedge funds.

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.