Perfect (NYSE:PERF) Stock Falls 0.3% – Should You Sell?

Perfect Corp. (NYSE:PERF)’s share price dropped 0.3% during trading on Tuesday. The stock traded as low as $1.92 and last traded at $1.9250. Approximately 102,261 shares were traded during mid-day trading, a decline of 34% from the average session volume of 155,380 shares. The stock had previously closed at $1.93.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Perfect in a report on Friday, July 17th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Perfect currently has an average rating of “Reduce”.

Perfect Stock Down 0.5%

The company has a market cap of $194.53 million, a P/E ratio of 31.84, a PEG ratio of 1.32 and a beta of 0.28. The firm’s 50 day moving average is $1.91 and its two-hundred day moving average is $1.75.

Perfect (NYSE:PERF) last announced its earnings results on Monday, July 27th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $16.34 million for the quarter. Perfect had a return on equity of 3.73% and a net margin of 8.13%. As a group, research analysts forecast that Perfect Corp. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Perfect stock. Credit Industriel ET Commercial acquired a new stake in Perfect Corp. (NYSE:PERF) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $338,000. Credit Industriel ET Commercial owned about 0.20% of Perfect as of its most recent filing with the SEC.

About Perfect

Perfect Corp. (NYSE: PERF) is a technology company that develops artificial intelligence and augmented reality solutions for the beauty and fashion industries. Its software enables consumers to virtually try on makeup, hairstyles, hair colors and other personal-care products using mobile devices and digital platforms.

The company offers the YouCam suite of consumer applications, along with enterprise software and digital tools for beauty brands, retailers and other businesses. These solutions support virtual product discovery, personalized recommendations, product visualization and online purchasing experiences.

Perfect Corp.