Bank of America Corp DE Sells 6,563 Shares of FARO Technologies, Inc. (NASDAQ:FARO)

Bank of America Corp DE lowered its stake in FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,419 shares of the scientific and technical instruments company's stock after selling 6,563 shares during the period. Bank of America Corp DE owned 0.16% of FARO Technologies worth $771,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FARO. Quarry LP purchased a new stake in shares of FARO Technologies in the 4th quarter worth about $25,000. National Bank of Canada FI purchased a new stake in FARO Technologies in the fourth quarter worth about $55,000. Covestor Ltd bought a new stake in FARO Technologies during the 4th quarter valued at approximately $111,000. Aquatic Capital Management LLC purchased a new position in shares of FARO Technologies in the 4th quarter valued at approximately $155,000. Finally, Intech Investment Management LLC bought a new stake in shares of FARO Technologies during the fourth quarter valued at approximately $278,000. Institutional investors own 97.19% of the company's stock.

Analyst Ratings Changes

FARO has been the subject of several recent research reports. Wall Street Zen began coverage on FARO Technologies in a research report on Friday, May 16th. They set a "buy" rating for the company. Craig Hallum cut shares of FARO Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Needham & Company LLC lowered shares of FARO Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

FARO Technologies Stock Up 0.0%

FARO stock traded up $0.01 on Thursday, reaching $42.56. 454,270 shares of the company traded hands, compared to its average volume of 307,862. The firm has a fifty day simple moving average of $35.13 and a 200-day simple moving average of $30.66. The company has a market cap of $818.26 million, a P/E ratio of -121.60 and a beta of 1.63. FARO Technologies, Inc. has a one year low of $13.52 and a one year high of $42.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.17 and a quick ratio of 1.83.

FARO Technologies Company Profile

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.