LRAD Corp (NASDAQ:LRAD) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price objective of $5.00 for the company and are predicting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also assigned LRAD an industry rank of 204 out of 256 based on the ratings given to its competitors.
A number of research analysts have weighed in on LRAD shares. CIBC cut their price target on shares of TFI International from C$47.00 to C$45.00 in a research note on Tuesday, July 2nd. UBS Group set a $54.00 price target on shares of Westlake Chemical and gave the company a “sell” rating in a research note on Tuesday, July 2nd. Finally, Oppenheimer started coverage on shares of LRAD in a research note on Tuesday, July 2nd. They issued an “outperform” rating and a $5.00 price target on the stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Princeton Global Asset Management LLC bought a new position in LRAD in the fourth quarter valued at approximately $25,000. Marshall Wace LLP bought a new position in LRAD in the first quarter valued at approximately $35,000. Finally, Dimensional Fund Advisors LP lifted its stake in LRAD by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 128,241 shares of the scientific and technical instruments company’s stock valued at $323,000 after buying an additional 13,762 shares in the last quarter. 48.13% of the stock is currently owned by hedge funds and other institutional investors.
LRAD stock traded up $0.02 during midday trading on Friday, hitting $3.79. 63,016 shares of the stock were exchanged, compared to its average volume of 79,701. The firm has a fifty day moving average price of $3.36. LRAD has a 52 week low of $2.08 and a 52 week high of $3.84. The stock has a market capitalization of $122.80 million, a PE ratio of -63.17 and a beta of 0.62.
LRAD (NASDAQ:LRAD) last announced its quarterly earnings results on Tuesday, May 7th. The scientific and technical instruments company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. LRAD had a negative net margin of 0.97% and a negative return on equity of 0.88%. The firm had revenue of $10.19 million for the quarter. On average, sell-side analysts expect that LRAD will post 0.11 earnings per share for the current fiscal year.
LRAD Corporation designs, develops, and commercializes directed sound technologies and products in North and South America, Europe, the Middle East, Africa, and Asia. It develops directed acoustic communication systems that focus sound over short and long distances. The company offers directional and omnidirectional acoustic systems and accessories.
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