Pro-Dex Inc (NASDAQ:PDEX) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as low as $14.10. Pro-Dex shares last traded at $14.16, with a volume of 281 shares traded.
PDEX has been the topic of several analyst reports. ValuEngine cut Pro-Dex from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Ascendiant Capital Markets set a $20.00 price objective on Pro-Dex and gave the stock a “buy” rating in a research note on Tuesday, May 14th.
The business has a 50 day moving average of $13.72. The company has a quick ratio of 4.60, a current ratio of 5.88 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $57.78 million, a P/E ratio of 17.78 and a beta of 1.43.
Several large investors have recently made changes to their positions in PDEX. BlackRock Inc. boosted its position in shares of Pro-Dex by 49.2% during the fourth quarter. BlackRock Inc. now owns 12,369 shares of the medical instruments supplier’s stock valued at $150,000 after buying an additional 4,078 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Pro-Dex during the fourth quarter valued at approximately $183,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Pro-Dex during the first quarter valued at approximately $242,000. Wedge Capital Management L L P NC purchased a new position in shares of Pro-Dex during the second quarter valued at approximately $267,000. Finally, Seizert Capital Partners LLC purchased a new position in shares of Pro-Dex during the second quarter valued at approximately $318,000. Institutional investors and hedge funds own 14.62% of the company’s stock.
Pro-Dex Company Profile (NASDAQ:PDEX)
Pro-Dex, Inc, together with its subsidiaries, designs, develops, and manufactures powered surgical instruments, dental instruments, and rotary air motors worldwide. It also manufactures plastic injection molds for various industries; and shavers and machined parts. In addition, it provides engineering, and quality and regulatory consulting services.
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