FARO Technologies, Inc. (NASDAQ:FARO – Get Free Report) CEO Peter James Lau sold 4,617 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $29.30, for a total value of $135,278.10. Following the completion of the sale, the chief executive officer now directly owns 160,076 shares of the company’s stock, valued at $4,690,226.80. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
FARO Technologies Price Performance
Shares of NASDAQ FARO opened at $28.18 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.17 and a quick ratio of 1.83. The company has a market cap of $534.91 million, a PE ratio of -80.51 and a beta of 1.55. The stock has a fifty day moving average price of $29.46 and a 200 day moving average price of $24.32. FARO Technologies, Inc. has a 1-year low of $13.52 and a 1-year high of $33.13.
FARO Technologies (NASDAQ:FARO – Get Free Report) last released its earnings results on Monday, February 24th. The scientific and technical instruments company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.40 by $0.10. FARO Technologies had a negative net margin of 1.87% and a negative return on equity of 2.49%. The company had revenue of $93.54 million during the quarter, compared to analysts’ expectations of $91.40 million. During the same quarter last year, the business earned $0.36 EPS.
Institutional Investors Weigh In On FARO Technologies
Analyst Ratings Changes
Several analysts recently commented on the stock. StockNews.com upgraded shares of FARO Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 8th. Craig Hallum upped their target price on shares of FARO Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Needham & Company LLC raised their price target on FARO Technologies from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th.
View Our Latest Stock Analysis on FARO
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.
Featured Articles
- Five stocks we like better than FARO Technologies
- What to Know About Investing in Penny Stocks
- 3 Undervalued Stocks You Can Buy at a Discount Now
- How to Calculate Inflation Rate
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- How to Profit From Value Investing
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
Receive News & Ratings for FARO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FARO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.