Pixie Dust Technologies (NASDAQ:PXDT) Given a $5.21 Price Target at Fundamental Research

Fundamental Research set a $5.21 price objective on Pixie Dust Technologies (NASDAQ:PXDT) in a report issued on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Pixie Dust Technologies Stock Performance

PXDT stock opened at $2.46 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. Pixie Dust Technologies has a 52-week low of $2.30 and a 52-week high of $10.51. The business has a 50-day simple moving average of $2.73 and a two-hundred day simple moving average of $5.91.

Hedge Funds Weigh In On Pixie Dust Technologies

A hedge fund recently bought a new stake in Pixie Dust Technologies stock. Sumitomo Mitsui Financial Group Inc. bought a new position in Pixie Dust Technologies, Inc. (NASDAQ:PXDT) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 56,400 shares of the company’s stock, valued at approximately $494,000. Sumitomo Mitsui Financial Group Inc. owned about 0.38% of Pixie Dust Technologies as of its most recent SEC filing. 0.39% of the stock is currently owned by institutional investors.

About Pixie Dust Technologies

Pixie Dust Technologies, Inc, a technology company, focuses on personal care and diversity, and workspace and digital transformation businesses primarily in Japan. It offers SonoRepro, an ultrasonic non-contact vibrotactile stimulation scalp care device; VUEVO, a series of directional voice arrival detection devices for individuals with deaf and hard-of-hearing; and kikippa, an acoustic stimulation device functioning as a desk-top speaker.