FARO Technologies (NASDAQ:FARO) Stock Passes Above 200-Day Moving Average of $18.99

FARO Technologies, Inc. (NASDAQ:FAROGet Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $18.99 and traded as high as $21.43. FARO Technologies shares last traded at $20.87, with a volume of 169,916 shares.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $27.00 price target on shares of FARO Technologies in a research report on Thursday, February 29th.

View Our Latest Stock Analysis on FARO Technologies

FARO Technologies Stock Down 0.4 %

The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.00 and a current ratio of 2.31. The company has a market cap of $395.90 million, a price-to-earnings ratio of -6.98 and a beta of 1.41. The business has a 50-day simple moving average of $21.78 and a 200-day simple moving average of $18.99.

FARO Technologies (NASDAQ:FAROGet Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The scientific and technical instruments company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.31. FARO Technologies had a negative return on equity of 20.66% and a negative net margin of 15.77%. The company had revenue of $98.84 million for the quarter.

Insider Transactions at FARO Technologies

In other news, VP Jeffrey D. Sexton sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $20.06, for a total transaction of $30,090.00. Following the sale, the vice president now owns 27,706 shares of the company’s stock, valued at approximately $555,782.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On FARO Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in FARO Technologies by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 1,525,424 shares of the scientific and technical instruments company’s stock worth $34,368,000 after buying an additional 43,070 shares during the last quarter. Sierra Summit Advisors LLC purchased a new position in FARO Technologies during the 4th quarter worth approximately $618,000. Price T Rowe Associates Inc. MD grew its stake in FARO Technologies by 1.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,909 shares of the scientific and technical instruments company’s stock worth $652,000 after buying an additional 475 shares during the last quarter. GSA Capital Partners LLP purchased a new position in FARO Technologies during the 4th quarter worth approximately $816,000. Finally, Legal & General Group Plc grew its stake in FARO Technologies by 3.0% during the 4th quarter. Legal & General Group Plc now owns 351,586 shares of the scientific and technical instruments company’s stock worth $7,921,000 after buying an additional 10,118 shares during the last quarter. Institutional investors and hedge funds own 97.19% of the company’s stock.

About FARO Technologies

(Get Free Report)

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 Stories

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.