Faro Technologies Inc. (NASDAQ:FARO)’s share price was up 2.6% during mid-day trading on Monday . The company traded as high as $35.91 and last traded at $35.77, with a volume of 56,114 shares trading hands. The stock had previously closed at $34.88.

A number of equities analysts have issued reports on FARO shares. Needham & Company LLC restated a “buy” rating and issued a $39.00 price objective on shares of Faro Technologies in a research report on Friday, July 15th. Noble Financial upgraded shares of Faro Technologies from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Thursday, May 5th. Canaccord Genuity restated a “buy” rating and issued a $38.00 price objective on shares of Faro Technologies in a research report on Wednesday, May 4th. Zacks Investment Research cut shares of Faro Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, FBR & Co restated a “market perform” rating and issued a $34.00 price objective on shares of Faro Technologies in a research report on Wednesday, May 11th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.14.

The firm has a market cap of $593.44 million and a price-to-earnings ratio of 40.04. The company has a 50 day moving average of $34.63 and a 200-day moving average of $31.51.

Faro Technologies (NASDAQ:FARO) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.15. The business had revenue of $75.70 million for the quarter, compared to the consensus estimate of $71.74 million. Faro Technologies’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. On average, equities research analysts expect that Faro Technologies Inc. will post $1.25 EPS for the current fiscal year.

In other Faro Technologies news, Director Stephen Cole acquired 5,000 shares of the stock in a transaction on Friday, May 6th. The stock was acquired at an average price of $33.80 per share, for a total transaction of $169,000.00. Following the completion of the transaction, the director now directly owns 19,196 shares of the company’s stock, valued at $648,824.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

A number of institutional investors have added to or reduced their stakes in FARO. Comerica Bank raised its position in Faro Technologies by 20.9% in the fourth quarter. Comerica Bank now owns 48,699 shares of the company’s stock valued at $1,195,000 after buying an additional 8,432 shares during the period. Mutual of America Capital Management LLC raised its position in Faro Technologies by 28.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 131,267 shares of the company’s stock valued at $3,875,000 after buying an additional 29,367 shares during the period. Morgan Stanley raised its position in Faro Technologies by 47.2% in the fourth quarter. Morgan Stanley now owns 293,034 shares of the company’s stock valued at $8,650,000 after buying an additional 93,987 shares during the period. Schroder Investment Management Group raised its position in Faro Technologies by 228.6% in the fourth quarter. Schroder Investment Management Group now owns 349,300 shares of the company’s stock valued at $10,311,000 after buying an additional 243,000 shares during the period. Finally, Royce & Associates LLC raised its position in Faro Technologies by 13.3% in the fourth quarter. Royce & Associates LLC now owns 661,400 shares of the company’s stock valued at $19,525,000 after buying an additional 77,800 shares during the period.

FARO Technologies, Inc designs, develops, manufactures, markets and supports software driven, three-dimensional (3-D) measurement, imaging and realization systems. The Company operates in three segments: Americas, Europe/Africa and Asia-Pacific. The Company sells its products through a direct sales force across a number of customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.