FARO Technologies (NASDAQ:FARO - Get Free Report) is projected to post its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect FARO Technologies to post earnings of $0.40 per share and revenue of $91.40 million for the quarter. Parties interested in participating in the company's conference call can do so using this link.
FARO Technologies Stock Performance
Shares of NASDAQ FARO traded down $1.17 during mid-day trading on Friday, hitting $26.66. The company had a trading volume of 241,122 shares, compared to its average volume of 232,862. The stock has a market cap of $504.41 million, a price-to-earnings ratio of -76.17 and a beta of 1.40. FARO Technologies has a 12 month low of $13.52 and a 12 month high of $32.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.17 and a quick ratio of 1.83. The firm's 50 day simple moving average is $28.40 and its two-hundred day simple moving average is $22.95.
Analyst Upgrades and Downgrades
FARO has been the topic of several recent research reports. Needham & Company LLC raised their price target on FARO Technologies from $26.00 to $34.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. StockNews.com raised FARO Technologies from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 12th. Finally, Craig Hallum raised their price target on FARO Technologies from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, December 12th.
Read Our Latest Stock Analysis on FARO Technologies
Insider Buying and Selling at FARO Technologies
In other FARO Technologies news, Director Yuval Wasserman sold 5,658 shares of FARO Technologies stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $31.35, for a total transaction of $177,378.30. Following the sale, the director now owns 153,512 shares of the company's stock, valued at $4,812,601.20. The trade was a 3.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is owned by company insiders.
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.
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