Perceptron Inc. (NASDAQ:PRCP) shares shot up 10.2% on Friday . The company traded as high as $5.53 and last traded at $5.52, with a volume of 82,573 shares changing hands. The stock had previously closed at $5.01.

Separately, Zacks Investment Research raised shares of Perceptron from a “strong sell” rating to a “hold” rating in a report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $7.88.

The company has a 50 day moving average price of $4.80 and a 200-day moving average price of $5.06. The company’s market capitalization is $52.80 million.

Perceptron (NASDAQ:PRCP) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.28) by $0.03. The company had revenue of $18.10 million for the quarter, compared to analysts’ expectations of $17.40 million. Equities analysts forecast that Perceptron Inc. will post ($0.71) EPS for the current fiscal year.

An institutional investor recently raised its position in Perceptron stock. New York State Common Retirement Fund raised its position in Perceptron Inc. (NASDAQ:PRCP) by 15.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 203,747 shares of the company’s stock after buying an additional 27,533 shares during the period. New York State Common Retirement Fund owned approximately 2.17% of Perceptron worth $1,587,000 at the end of the most recent quarter.

Perceptron, Inc (Perceptron) develops, produces and sells a range of automated industrial dimensional inspection and three-dimensional (3D) scanning products. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning, and advanced analysis software.

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