GAMMA Investing LLC Has $298,000 Stock Holdings in FARO Technologies, Inc. (NASDAQ:FARO)

GAMMA Investing LLC grew its position in shares of FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 9,650.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,920 shares of the scientific and technical instruments company's stock after acquiring an additional 10,808 shares during the quarter. GAMMA Investing LLC owned about 0.06% of FARO Technologies worth $298,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of FARO. T. Rowe Price Investment Management Inc. acquired a new stake in shares of FARO Technologies in the fourth quarter valued at approximately $10,849,000. Driehaus Capital Management LLC bought a new position in FARO Technologies in the 4th quarter worth approximately $8,990,000. Bastion Asset Management Inc. acquired a new stake in FARO Technologies in the 4th quarter valued at approximately $5,892,000. Arrowstreet Capital Limited Partnership raised its stake in FARO Technologies by 244.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 213,423 shares of the scientific and technical instruments company's stock valued at $5,412,000 after acquiring an additional 151,382 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in FARO Technologies during the 4th quarter worth $3,562,000. Institutional investors and hedge funds own 97.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FARO. Craig Hallum lowered FARO Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Wall Street Zen assumed coverage on shares of FARO Technologies in a research note on Friday, May 16th. They set a "buy" rating on the stock. 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 Stock Performance

Shares of FARO stock remained flat at $43.75 during mid-day trading on Tuesday. The stock had a trading volume of 646,977 shares, compared to its average volume of 333,397. FARO Technologies, Inc. has a one year low of $13.52 and a one year high of $44.13. The company has a current ratio of 2.31, a quick ratio of 2.01 and a debt-to-equity ratio of 0.27. The stock's fifty day simple moving average is $38.13 and its 200-day simple moving average is $31.67. The stock has a market capitalization of $845.25 million, a price-to-earnings ratio of -875.00 and a beta of 1.63.

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.