Perceptron, Inc. (NASDAQ:PRCP) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 51,200 shares, a growth of 14.3% from the January 15th total of 44,800 shares. Based on an average trading volume of 19,300 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.5% of the shares of the stock are short sold.

Separately, Zacks Investment Research upgraded Perceptron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 15th.

Hedge funds have recently made changes to their positions in the company. Bailard Inc. acquired a new stake in Perceptron in the 3rd quarter valued at $92,000. Ancora Advisors LLC increased its holdings in Perceptron by 94.2% in the 3rd quarter. Ancora Advisors LLC now owns 114,712 shares of the scientific and technical instruments company’s stock valued at $550,000 after purchasing an additional 55,646 shares in the last quarter. Quantum Capital Management increased its holdings in Perceptron by 3.1% in the 3rd quarter. Quantum Capital Management now owns 234,513 shares of the scientific and technical instruments company’s stock valued at $1,124,000 after purchasing an additional 6,994 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in Perceptron in the 4th quarter valued at $426,000. Finally, Renaissance Technologies LLC increased its holdings in Perceptron by 5.5% in the 4th quarter. Renaissance Technologies LLC now owns 672,814 shares of the scientific and technical instruments company’s stock valued at $3,700,000 after purchasing an additional 34,879 shares in the last quarter. Institutional investors and hedge funds own 58.78% of the company’s stock.

NASDAQ:PRCP traded down $0.01 during trading hours on Friday, hitting $5.16. The company’s stock had a trading volume of 21,624 shares, compared to its average volume of 21,594. The business’s 50-day moving average is $5.91 and its two-hundred day moving average is $5.04. The company has a market capitalization of $49.91 million, a PE ratio of -6.14 and a beta of 1.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.98 and a current ratio of 2.45. Perceptron has a 52-week low of $3.56 and a 52-week high of $8.14.

Perceptron (NASDAQ:PRCP) last released its quarterly earnings data on Monday, February 10th. The scientific and technical instruments company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The business had revenue of $19.13 million during the quarter, compared to analysts’ expectations of $23.28 million. Perceptron had a negative return on equity of 1.13% and a negative net margin of 11.35%. As a group, analysts predict that Perceptron will post 0.28 EPS for the current fiscal year.

About Perceptron

Perceptron, Inc develops, produces, and sells various automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection, and 3D scanning in Europe, Asia, and the Americas. It provides various in-line and near-line measurement solutions, including AutoGauge, AutoGauge ACF, AutoGuide, and Helix evo engineered metrology systems for industrial automated process control and assembly using fixed and robot mounted laser scanners; and offline measurement solutions comprising Coord3 and TouchDMIS for industrial gauging and dimensional inspection using standalone robot mounted laser scanners and coordinate measuring machines.

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