Zacks Investment Research upgraded shares of Perceptron, Inc. (NASDAQ:PRCP) from a sell rating to a hold rating in a research note published on Tuesday morning.

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. “

Separately, Craig Hallum set a $9.00 target price on Perceptron and gave the company a buy rating in a report on Tuesday, February 7th.

Perceptron (NASDAQ:PRCP) opened at 8.38 on Tuesday. The firm’s 50-day moving average price is $6.91 and its 200 day moving average price is $6.51. The company’s market capitalization is $78.70 million. Perceptron has a 52 week low of $4.18 and a 52 week high of $8.76.

Perceptron (NASDAQ:PRCP) last announced its earnings results on Monday, February 6th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.33. The company earned $21.80 million during the quarter, compared to the consensus estimate of $17.85 million. Perceptron had a positive return on equity of 0.66% and a negative net margin of 24.03%. Equities research analysts expect that Perceptron will post $0.06 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Trent Capital Management Inc. NC acquired a new position in shares of Perceptron during the fourth quarter worth approximately $126,000. RBF Capital LLC increased its position in shares of Perceptron by 2.5% in the third quarter. RBF Capital LLC now owns 90,979 shares of the company’s stock worth $611,000 after buying an additional 2,259 shares in the last quarter. First Republic Investment Management Inc. increased its position in shares of Perceptron by 23.4% in the fourth quarter. First Republic Investment Management Inc. now owns 98,815 shares of the company’s stock worth $656,000 after buying an additional 18,750 shares in the last quarter. Penbrook Management LLC increased its position in shares of Perceptron by 3.7% in the third quarter. Penbrook Management LLC now owns 127,098 shares of the company’s stock worth $854,000 after buying an additional 4,500 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its position in shares of Perceptron by 24.4% in the third quarter. Punch & Associates Investment Management Inc. now owns 326,000 shares of the company’s stock worth $2,191,000 after buying an additional 64,000 shares in the last quarter. Institutional investors own 70.53% of the company’s stock.

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.

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