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Daktronics (NASDAQ:DAKT - Get Rating) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Thursday.
Separately, TheStreet lowered shares of Daktronics from a "c-" rating to a "d+" rating in a report on Monday, September 12th.Daktronics Price Performance
Shares of Daktronics stock traded down $0.03 during trading hours on Thursday, reaching $2.89. 111,681 shares of the company's stock were exchanged, compared to its average volume of 246,319. Daktronics has a 1 year low of $2.82 and a 1 year high of $6.00. The company has a market capitalization of $130.15 million, a P/E ratio of -15.21 and a beta of 0.83. The business has a fifty day moving average of $3.59 and a two-hundred day moving average of $3.50. The company has a quick ratio of 0.83, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.
Daktronics (NASDAQ:DAKT - Get Rating) last announced its quarterly earnings data on Wednesday, August 31st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.14). Daktronics had a negative net margin of 1.32% and a negative return on equity of 4.36%. Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Abacus Planning Group Inc. purchased a new position in Daktronics during the first quarter worth about $39,000. SG Americas Securities LLC purchased a new position in Daktronics during the second quarter worth about $38,000. Y Intercept Hong Kong Ltd purchased a new position in Daktronics during the second quarter worth about $47,000. Laurion Capital Management LP purchased a new position in Daktronics during the second quarter worth about $48,000. Finally, Occudo Quantitative Strategies LP boosted its stake in Daktronics by 58.8% during the second quarter. Occudo Quantitative Strategies LP now owns 20,351 shares of the technology company's stock worth $61,000 after buying an additional 7,539 shares during the period. Hedge funds and other institutional investors own 47.68% of the company's stock. Daktronics Company Profile (Get Rating)
Daktronics, Inc designs, manufactures, markets, and sells electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; indoor and outdoor light emitting diodes (LED) video displays, including centerhung, landmark, ribbon board, and corporate office entrance displays, as well as video walls and hanging banners; mobile and modular display systems; architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.See AlsoGet a free copy of the StockNews.com research report on Daktronics (DAKT)What Steelcase's Earnings Say About the Return to the Office? The Institutions Hold On To Darden Restaurants International Is The Golden Age Of Homebuilding Already Over? These 3 Big Dividend Payers Also Boast Strong Price Growth Natural Gas Prices Continue To Rally, These Stocks Should Benefit
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