Pro-Dex (NASDAQ:PDEX) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Pro-Dex, Inc. (NASDAQ:PDEXGet Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.72 and traded as high as $30.85. Pro-Dex shares last traded at $30.50, with a volume of 8,020 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PDEX. Ascendiant Capital Markets lifted their price target on shares of Pro-Dex from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, September 9th. StockNews.com raised shares of Pro-Dex from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 7th.

Check Out Our Latest Analysis on Pro-Dex

Pro-Dex Price Performance

The company has a 50-day moving average of $26.78 and a two-hundred day moving average of $21.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.84 and a quick ratio of 1.66. The stock has a market capitalization of $101.26 million, a PE ratio of 49.19 and a beta of 0.39.

Pro-Dex (NASDAQ:PDEXGet Free Report) last announced its quarterly earnings data on Thursday, September 5th. The medical instruments supplier reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.11. Pro-Dex had a net margin of 3.95% and a return on equity of 6.82%. The business had revenue of $15.03 million for the quarter. Sell-side analysts predict that Pro-Dex, Inc. will post 1.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Pro-Dex

A number of hedge funds have recently made changes to their positions in the stock. Perritt Capital Management Inc. raised its position in shares of Pro-Dex by 43.3% in the 1st quarter. Perritt Capital Management Inc. now owns 6,000 shares of the medical instruments supplier’s stock worth $106,000 after buying an additional 1,813 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Pro-Dex by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 12,240 shares of the medical instruments supplier’s stock worth $240,000 after purchasing an additional 900 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Pro-Dex by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 63,036 shares of the medical instruments supplier’s stock worth $1,238,000 after purchasing an additional 3,067 shares during the period. Institutional investors and hedge funds own 15.28% of the company’s stock.

About Pro-Dex

(Get Free Report)

Pro-Dex, Inc designs, develops, manufactures, and sells powered surgical instruments for medical device original equipment manufacturers worldwide. The company offers autoclavable, battery-powered and electric, and multi-function surgical drivers and shavers that are primarily used in the orthopedic, thoracic, and craniomaxillofacial markets.

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