CyberOptics Co. (NASDAQ:CYBE) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 233,100 shares, an increase of 7.6% from the July 31st total of 216,600 shares. Based on an average daily volume of 51,300 shares, the short-interest ratio is presently 4.5 days. Approximately 3.4% of the company’s shares are sold short.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in CyberOptics by 1.1% in the second quarter. BlackRock Inc. now owns 208,736 shares of the scientific and technical instruments company’s stock worth $3,388,000 after acquiring an additional 2,295 shares in the last quarter. River & Mercantile Asset Management LLP bought a new position in CyberOptics in the second quarter worth approximately $1,914,000. Punch & Associates Investment Management Inc. boosted its holdings in CyberOptics by 14.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 115,568 shares of the scientific and technical instruments company’s stock worth $1,976,000 after acquiring an additional 14,692 shares in the last quarter. Marshall Wace LLP boosted its holdings in CyberOptics by 193.7% in the second quarter. Marshall Wace LLP now owns 48,457 shares of the scientific and technical instruments company’s stock worth $786,000 after acquiring an additional 31,956 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in CyberOptics in the second quarter worth approximately $388,000. Institutional investors and hedge funds own 60.36% of the company’s stock.
Shares of CyberOptics stock traded up $0.20 on Friday, hitting $15.71. 2,236 shares of the company’s stock traded hands, compared to its average volume of 30,549. CyberOptics has a one year low of $11.55 and a one year high of $22.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.46 and a quick ratio of 2.96. The company has a fifty day moving average of $13.89 and a two-hundred day moving average of $16.02. The company has a market capitalization of $110.73 million, a price-to-earnings ratio of 40.28, a price-to-earnings-growth ratio of 43.08 and a beta of 0.11.
CyberOptics (NASDAQ:CYBE) last announced its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.11. The business had revenue of $15.04 million for the quarter. CyberOptics had a return on equity of 5.69% and a net margin of 4.97%. Equities research analysts anticipate that CyberOptics will post 0.03 earnings per share for the current year.
Several equities research analysts recently commented on the company. Zacks Investment Research upgraded CyberOptics from a “sell” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, September 4th. Lake Street Capital restated a “buy” rating and set a $18.00 target price (down previously from $25.00) on shares of CyberOptics in a research report on Wednesday, July 3rd. TheStreet lowered CyberOptics from a “b-” rating to a “c+” rating in a research report on Tuesday, May 28th. Finally, ValuEngine upgraded CyberOptics from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.
CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.
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