Two Sigma Investments LP Has $880,000 Position in FARO Technologies, Inc. (NASDAQ:FARO)

Two Sigma Investments LP trimmed its holdings in FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 49.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,691 shares of the scientific and technical instruments company's stock after selling 34,368 shares during the period. Two Sigma Investments LP owned 0.18% of FARO Technologies worth $880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Quarry LP acquired a new position in FARO Technologies in the 4th quarter valued at $25,000. National Bank of Canada FI bought a new position in shares of FARO Technologies in the fourth quarter worth $55,000. Lazard Asset Management LLC acquired a new position in FARO Technologies in the fourth quarter valued at about $78,000. Covestor Ltd bought a new stake in FARO Technologies during the fourth quarter worth about $111,000. Finally, Aquatic Capital Management LLC bought a new stake in FARO Technologies during the fourth quarter worth about $155,000. 97.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on FARO. Wall Street Zen started coverage on shares of FARO Technologies in a report on Friday, May 16th. They issued a "buy" rating on the stock. Craig Hallum cut shares of FARO Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Needham & Company LLC downgraded shares of FARO Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

FARO Technologies Price Performance

FARO Technologies stock traded up $0.17 during midday trading on Tuesday, reaching $42.60. The company's stock had a trading volume of 682,670 shares, compared to its average volume of 305,885. The company has a current ratio of 2.17, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27. The stock has a market cap of $819.03 million, a PE ratio of -121.71 and a beta of 1.63. FARO Technologies, Inc. has a 52 week low of $13.52 and a 52 week high of $42.68. The business has a 50-day moving average price of $34.75 and a 200-day moving average price of $30.58.

About FARO Technologies

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.