CyberOptics (NASDAQ:CYBE) Trading Up 6.4%

CyberOptics Co. (NASDAQ:CYBE) shares were up 6.4% on Wednesday . The stock traded as high as $22.62 and last traded at $21.96, approximately 6,627 shares changed hands during trading. A decline of 84% from the average daily volume of 42,089 shares. The stock had previously closed at $20.63.

A number of research firms have issued reports on CYBE. Lake Street Capital increased their target price on shares of CyberOptics from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Zacks Investment Research upgraded shares of CyberOptics from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research note on Wednesday, November 6th. Finally, ValuEngine downgraded shares of CyberOptics from a “buy” rating to a “hold” rating in a research note on Thursday.

The company has a fifty day simple moving average of $18.65 and a two-hundred day simple moving average of $15.80. The company has a current ratio of 5.57, a quick ratio of 3.65 and a debt-to-equity ratio of 0.06. The company has a market cap of $171.07 million, a PE ratio of 61.54, a P/E/G ratio of 6.61 and a beta of 0.17.

CyberOptics (NASDAQ:CYBE) last posted its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $12.39 million during the quarter. CyberOptics had a net margin of 2.97% and a return on equity of 3.14%. On average, research analysts anticipate that CyberOptics Co. will post 0.09 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. River & Mercantile Asset Management LLP purchased a new position in CyberOptics in the second quarter worth approximately $1,914,000. Marshall Wace LLP raised its holdings in shares of CyberOptics by 193.7% in the 2nd quarter. Marshall Wace LLP now owns 48,457 shares of the scientific and technical instruments company’s stock valued at $786,000 after purchasing an additional 31,956 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of CyberOptics during the 2nd quarter worth $239,000. Marshall Wace North America L.P. purchased a new stake in shares of CyberOptics during the 1st quarter worth $74,000. Finally, BlackRock Inc. grew its stake in shares of CyberOptics by 1.1% during the second quarter. BlackRock Inc. now owns 208,736 shares of the scientific and technical instruments company’s stock worth $3,388,000 after purchasing an additional 2,295 shares in the last quarter. Hedge funds and other institutional investors own 54.27% of the company’s stock.

CyberOptics Company Profile (NASDAQ:CYBE)

CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.

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