Perceptron (PRCP) Earns Coverage Optimism Score of 0.21
News headlines about Perceptron (NASDAQ:PRCP) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Perceptron earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news stories about the scientific and technical instruments company an impact score of 95 out of 100, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the immediate future.
Separately, Zacks Investment Research cut shares of Perceptron from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 12th.
Perceptron (NASDAQ:PRCP) traded up 1.23% during trading on Thursday, hitting $7.41. The stock had a trading volume of 2,986 shares. Perceptron has a 52-week low of $4.21 and a 52-week high of $8.95. The stock’s 50-day moving average is $7.71 and its 200-day moving average is $7.59. The stock’s market capitalization is $69.80 million.
Perceptron (NASDAQ:PRCP) last issued its quarterly earnings data on Monday, May 8th. The scientific and technical instruments company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.04. Perceptron had a negative net margin of 21.55% and a positive return on equity of 2.32%. The company had revenue of $16.33 million for the quarter, compared to the consensus estimate of $17.50 million. On average, analysts predict that Perceptron will post $0.06 earnings per share for the current fiscal year.
In related news, Director James A. Ratigan acquired 3,910 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were bought at an average price of $7.66 per share, with a total value of $29,950.60. Following the completion of the transaction, the director now directly owns 2,247 shares in the company, valued at $17,212.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.31% of the stock is owned by company insiders.
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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