Restoration Robotics Inc (NASDAQ:HAIR) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totalling 1,357,800 shares, a decline of 10.3% from the May 30th total of 1,513,300 shares. Currently, 5.8% of the company’s stock are short sold. Based on an average trading volume of 297,300 shares, the short-interest ratio is presently 4.6 days.
Institutional investors and hedge funds have recently bought and sold shares of the company. Fenimore Asset Management Inc. acquired a new stake in shares of Restoration Robotics during the first quarter worth about $35,000. Virtu Financial LLC purchased a new stake in Restoration Robotics in the 1st quarter valued at approximately $40,000. Granite Investment Partners LLC boosted its holdings in Restoration Robotics by 87.8% in the 1st quarter. Granite Investment Partners LLC now owns 175,780 shares of the company’s stock valued at $103,000 after purchasing an additional 82,190 shares in the last quarter. Deutsche Bank AG purchased a new stake in Restoration Robotics in the 4th quarter valued at approximately $91,000. Finally, Skylands Capital LLC boosted its holdings in Restoration Robotics by 202.0% in the 1st quarter. Skylands Capital LLC now owns 231,000 shares of the company’s stock valued at $136,000 after purchasing an additional 154,500 shares in the last quarter. Institutional investors and hedge funds own 19.98% of the company’s stock.
HAIR stock traded down $0.01 during midday trading on Friday, hitting $0.59. 75,547 shares of the company’s stock were exchanged, compared to its average volume of 336,798. Restoration Robotics has a 1-year low of $0.35 and a 1-year high of $3.30. The company’s 50-day simple moving average is $0.53. The stock has a market capitalization of $24.11 million, a PE ratio of -0.69 and a beta of 4.36. The company has a debt-to-equity ratio of 12.27, a current ratio of 2.34 and a quick ratio of 1.91.
Restoration Robotics (NASDAQ:HAIR) last released its earnings results on Wednesday, May 15th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.01. The firm had revenue of $5.39 million during the quarter, compared to analyst estimates of $5.93 million. Restoration Robotics had a negative return on equity of 1,909.87% and a negative net margin of 128.59%. Equities research analysts forecast that Restoration Robotics will post -0.61 earnings per share for the current fiscal year.
Several brokerages recently issued reports on HAIR. Zacks Investment Research lowered HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Maxim Group set a $25.00 target price on Agilysys and gave the stock a “buy” rating in a research note on Friday, May 17th. Roth Capital downgraded Hydrogenics from a “buy” rating to a “neutral” rating in a research note on Monday, March 18th. Finally, William Blair reiterated an “outperform” rating on shares of eXp World in a research report on Monday, March 18th.
About Restoration Robotics
Restoration Robotics, Inc, a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites.
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