Daktronics, Inc. (NASDAQ:DAKT) reached a new 52-week low during trading on Tuesday . The stock traded as low as $7.13 and last traded at $7.17, with a volume of 1948 shares. The stock had previously closed at $7.23.
Several research firms have commented on DAKT. BidaskClub raised Daktronics from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. Singular Research reissued a “buy” rating on shares of Daktronics in a report on Monday, March 4th. Finally, TheStreet downgraded Daktronics from a “b-” rating to a “c” rating in a report on Thursday, February 21st.
The firm has a market cap of $325.44 million, a PE ratio of 32.64 and a beta of 1.02. The company has a quick ratio of 1.49, a current ratio of 2.05 and a debt-to-equity ratio of 0.08.
Daktronics (NASDAQ:DAKT) last announced its quarterly earnings results on Wednesday, February 20th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The business had revenue of $115.10 million for the quarter, compared to the consensus estimate of $129.45 million. Daktronics had a net margin of 1.04% and a return on equity of 3.01%. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.14) earnings per share. As a group, equities analysts predict that Daktronics, Inc. will post 0.13 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the company. SEI Investments Co bought a new position in shares of Daktronics during the first quarter valued at $210,000. Goldman Sachs Group Inc. lifted its holdings in shares of Daktronics by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 269,213 shares of the technology company’s stock valued at $2,006,000 after purchasing an additional 83,954 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Daktronics by 9.2% during the first quarter. Geode Capital Management LLC now owns 461,040 shares of the technology company’s stock valued at $3,434,000 after purchasing an additional 38,822 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Daktronics by 11.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 228,696 shares of the technology company’s stock valued at $1,704,000 after purchasing an additional 23,441 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Daktronics by 11.8% during the first quarter. Renaissance Technologies LLC now owns 939,200 shares of the technology company’s stock valued at $6,997,000 after purchasing an additional 99,300 shares in the last quarter. 57.75% of the stock is currently owned by hedge funds and other institutional investors.
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Daktronics Company Profile (NASDAQ:DAKT)
Daktronics, Inc designs, manufactures, and sells a range of 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; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include 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.
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