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Daktronics (NASDAQ:DAKT - Get Rating) was downgraded by equities research analysts at TheStreet from a "c-" rating to a "d+" rating in a report released on Monday, TheStreetRatingsTable reports.Daktronics Trading Down 1.6 %
NASDAQ DAKT opened at $2.99 on Monday. The firm has a 50 day moving average of $3.61 and a two-hundred day moving average of $3.58. Daktronics has a 52 week low of $2.82 and a 52 week high of $6.00. The company has a quick ratio of 0.83, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $134.65 million, a PE ratio of -15.74 and a beta of 0.83.
Daktronics (NASDAQ:DAKT - Get Rating) last released its quarterly earnings results on Wednesday, August 31st. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.14). Daktronics had a negative net margin of 1.32% and a negative return on equity of 4.36%. Hedge Funds Weigh In On Daktronics
A number of large investors have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new position in shares of Daktronics in the 1st quarter valued at about $2,350,000. Acadian Asset Management LLC grew its stake in Daktronics by 32.5% in the 1st quarter. Acadian Asset Management LLC now owns 1,775,630 shares of the technology company's stock valued at $6,815,000 after acquiring an additional 435,827 shares during the last quarter. Vanguard Group Inc. grew its stake in Daktronics by 20.3% in the 1st quarter. Vanguard Group Inc. now owns 2,179,051 shares of the technology company's stock valued at $8,368,000 after acquiring an additional 368,099 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Daktronics by 191.2% during the 2nd quarter. Millennium Management LLC now owns 511,380 shares of the technology company's stock worth $1,539,000 after purchasing an additional 335,788 shares during the last quarter. Finally, First Bank & Trust boosted its stake in shares of Daktronics by 38.4% during the 1st quarter. First Bank & Trust now owns 1,205,988 shares of the technology company's stock worth $4,619,000 after purchasing an additional 334,492 shares during the last quarter. Hedge funds and other institutional investors own 47.68% of the company's stock. Daktronics Company Profile (Get Rating)
Daktronics, Inc designs, manufactures, markets, and sells electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; indoor and outdoor light emitting diodes (LED) video displays, including centerhung, landmark, ribbon board, and corporate office entrance displays, as well as video walls and hanging banners; mobile and modular display systems; architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.See AlsoGet a free copy of the StockNews.com research report on Daktronics (DAKT)Is Five Below Trying to Punch Too High? These 3 Reports Will Tell Us Much About the Current EconomyThis Is What To Expect From The S&P 500 NowThe Two Things You Need To Know About Oracle’s FQ1 ReportThree Value Stocks For A Volatile Market
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