FARO Technologies (NASDAQ:FARO) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Shares of FARO Technologies, Inc. (NASDAQ:FARO - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.31 and traded as high as $31.62. FARO Technologies shares last traded at $30.59, with a volume of 204,822 shares traded.

Analyst Ratings Changes

Several research firms have weighed in on FARO. Craig Hallum boosted their price target on FARO Technologies from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. StockNews.com upgraded shares of FARO Technologies from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 12th. Finally, Needham & Company LLC upped their price objective on shares of FARO Technologies from $26.00 to $34.00 and gave the company a "buy" rating in a report on Thursday, January 16th.

FARO Technologies Stock Down 0.9 %

The business has a 50 day moving average price of $27.54 and a 200 day moving average price of $21.55. The company has a quick ratio of 1.83, a current ratio of 2.17 and a debt-to-equity ratio of 0.27. The stock has a market cap of $599.95 million, a PE ratio of -90.60 and a beta of 1.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FARO. Quarry LP boosted its stake in shares of FARO Technologies by 912.2% during the 2nd quarter. Quarry LP now owns 1,832 shares of the scientific and technical instruments company's stock worth $29,000 after acquiring an additional 1,651 shares in the last quarter. CWM LLC increased its position in shares of FARO Technologies by 41.0% in the third quarter. CWM LLC now owns 3,328 shares of the scientific and technical instruments company's stock valued at $64,000 after buying an additional 968 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of FARO Technologies during the 3rd quarter worth approximately $141,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of FARO Technologies during the 3rd quarter valued at approximately $213,000. Finally, American Century Companies Inc. increased its holdings in FARO Technologies by 16.7% in the 2nd quarter. American Century Companies Inc. now owns 20,903 shares of the scientific and technical instruments company's stock worth $334,000 after acquiring an additional 2,993 shares in the last quarter. Hedge funds and other institutional investors own 97.19% of the company's stock.

FARO Technologies Company Profile

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.