Daktronics Inc. (DAKT) Trading Down 3.2%
Daktronics Inc. (NASDAQ:DAKT) shares traded down 3.2% during mid-day trading on Tuesday . The company traded as low as $9.65 and last traded at $9.65, with a volume of 436,477 shares changing hands. The stock had previously closed at $9.97.
A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Daktronics from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research report on Friday. Needham & Company LLC boosted their price objective on shares of Daktronics from $8.00 to $9.50 and gave the company a “buy” rating in a research report on Wednesday, August 24th. Griffin Securities downgraded shares of Daktronics from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st. Finally, Sidoti downgraded shares of Daktronics from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st.
The firm has a market cap of $425.35 million and a PE ratio of 110.92. The firm has a 50 day moving average price of $7.14 and a 200-day moving average price of $7.43.
Daktronics (NASDAQ:DAKT) last posted its earnings results on Tuesday, August 23rd. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. The business earned $157.10 million during the quarter. During the same period in the previous year, the business posted $0.09 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts anticipate that Daktronics Inc. will post $0.29 earnings per share for the current fiscal year.
In other Daktronics news, CEO Reece A. Kurtenbach bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The stock was purchased at an average cost of $6.20 per share, with a total value of $62,000.00. Following the completion of the acquisition, the chief executive officer now owns 258,958 shares in the company, valued at approximately $1,605,539.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin Patrick Mcdermott bought 3,900 shares of the business’s stock in a transaction that occurred on Thursday, June 23rd. The stock was acquired at an average cost of $6.48 per share, with a total value of $25,272.00. Following the completion of the acquisition, the director now owns 11,121 shares of the company’s stock, valued at approximately $72,064.08. The disclosure for this purchase can be found here.
Daktronics Inc (Daktronics) is a supplier of electronic scoreboards, large electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates in five segments: Commercial, Live Events, High School Park and Recreation, Transportation and International.
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