Shares of CyberOptics Co. (NASDAQ:CYBE) have earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.67.
Separately, Zacks Investment Research downgraded shares of CyberOptics from a “hold” rating to a “strong sell” rating in a report on Friday, January 5th.
Shares of CyberOptics stock opened at $16.85 on Monday. CyberOptics has a 12-month low of $11.35 and a 12-month high of $26.15. The stock has a market capitalization of $118.05, a PE ratio of 129.62, a PEG ratio of 2.25 and a beta of -0.33.
CyberOptics (NASDAQ:CYBE) last announced its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. CyberOptics had a net margin of 2.46% and a return on equity of 1.75%. The firm had revenue of $13.18 million for the quarter. research analysts predict that CyberOptics will post 0.3 EPS for the current year.
Several institutional investors have recently made changes to their positions in CYBE. Wells Fargo & Company MN increased its position in shares of CyberOptics by 103.9% in the fourth quarter. Wells Fargo & Company MN now owns 8,909 shares of the scientific and technical instruments company’s stock worth $134,000 after purchasing an additional 4,540 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of CyberOptics in the third quarter worth approximately $183,000. Mesirow Financial Investment Management Inc. bought a new position in shares of CyberOptics in the fourth quarter worth approximately $214,000. California State Teachers Retirement System bought a new position in shares of CyberOptics in the second quarter worth approximately $252,000. Finally, GSA Capital Partners LLP bought a new position in shares of CyberOptics in the third quarter worth approximately $608,000. 65.96% of the stock is currently owned by hedge funds and other institutional investors.
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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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