Daktronics, Inc. (NASDAQ:DAKT - Get Free Report) fell 4.2% on Wednesday . The stock traded as low as $16.20 and last traded at $16.04. 18,222 shares changed hands during trading, a decline of 96% from the average session volume of 481,090 shares. The stock had previously closed at $16.74.
Daktronics Stock Down 3.6%
The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 1.60. The firm has a market capitalization of $792.14 million, a P/E ratio of -36.66, a price-to-earnings-growth ratio of 0.54 and a beta of 1.60. The business has a 50 day moving average price of $14.69 and a 200 day moving average price of $14.64.
Daktronics (NASDAQ:DAKT - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The technology company reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. Daktronics had a positive return on equity of 15.29% and a negative net margin of 1.34%. The firm had revenue of $172.55 million during the quarter, compared to the consensus estimate of $189.10 million. During the same period last year, the company earned $0.27 earnings per share. On average, analysts predict that Daktronics, Inc. will post 0.96 earnings per share for the current year.
Insider Transactions at Daktronics
In related news, major shareholder Fox Opportunities Fund L. Alta sold 1,000,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $14.90, for a total transaction of $14,900,000.00. Following the sale, the insider directly owned 4,973,599 shares in the company, valued at approximately $74,106,625.10. This represents a 16.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.20% of the company's stock.
Institutional Trading of Daktronics
Several institutional investors and hedge funds have recently bought and sold shares of the stock. SummerHaven Investment Management LLC boosted its stake in shares of Daktronics by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 56,355 shares of the technology company's stock worth $686,000 after purchasing an additional 876 shares during the period. Principal Financial Group Inc. raised its position in shares of Daktronics by 4.0% in the first quarter. Principal Financial Group Inc. now owns 23,311 shares of the technology company's stock valued at $284,000 after buying an additional 898 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of Daktronics by 29.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,192 shares of the technology company's stock valued at $71,000 after acquiring an additional 965 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Daktronics by 6.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,210 shares of the technology company's stock valued at $295,000 after purchasing an additional 1,476 shares during the period. Finally, Atria Investments Inc lifted its stake in Daktronics by 17.0% in the fourth quarter. Atria Investments Inc now owns 15,508 shares of the technology company's stock worth $261,000 after acquiring an additional 2,252 shares during the last quarter. 61.69% of the stock is currently owned by hedge funds and other institutional investors.
Daktronics Company Profile
(
Get Free Report)
Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Daktronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Daktronics wasn't on the list.
While Daktronics currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.