FARO Technologies, Inc. (NASDAQ:FARO - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $33.55 and traded as high as $44.00. FARO Technologies shares last traded at $43.90, with a volume of 752,080 shares traded.
Analyst Upgrades and Downgrades
FARO has been the subject of a number of analyst reports. Craig Hallum downgraded FARO Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Wall Street Zen initiated coverage on FARO Technologies in a report on Friday, May 16th. They issued a "buy" rating for the company. Finally, Needham & Company LLC downgraded FARO Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.
Read Our Latest Stock Report on FARO Technologies
FARO Technologies Trading Up 0.5%
The stock has a market cap of $849.89 million, a price-to-earnings ratio of -879.80 and a beta of 1.63. The company has a quick ratio of 2.01, a current ratio of 2.31 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average of $43.08 and a 200-day moving average of $33.87.
Hedge Funds Weigh In On FARO Technologies
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its position in FARO Technologies by 237.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,442,512 shares of the scientific and technical instruments company's stock worth $39,381,000 after acquiring an additional 1,014,731 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of FARO Technologies by 9.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 744,222 shares of the scientific and technical instruments company's stock valued at $18,874,000 after purchasing an additional 62,305 shares during the period. Driehaus Capital Management LLC lifted its stake in shares of FARO Technologies by 107.4% in the 1st quarter. Driehaus Capital Management LLC now owns 735,269 shares of the scientific and technical instruments company's stock valued at $20,073,000 after purchasing an additional 380,779 shares during the period. Bastion Asset Management Inc. lifted its stake in shares of FARO Technologies by 50.0% in the 1st quarter. Bastion Asset Management Inc. now owns 347,263 shares of the scientific and technical instruments company's stock valued at $9,470,000 after purchasing an additional 115,740 shares during the period. Finally, Acadian Asset Management LLC raised its stake in FARO Technologies by 14.2% during the 1st quarter. Acadian Asset Management LLC now owns 255,457 shares of the scientific and technical instruments company's stock worth $6,972,000 after buying an additional 31,791 shares during the period. 97.19% of the stock is currently owned by institutional investors.
FARO Technologies Company Profile
(
Get Free Report)
FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications.
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