CyberOptics (NASDAQ:CYBE) Stock Rating Upgraded by ValuEngine

CyberOptics (NASDAQ:CYBE) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday, ValuEngine reports.

A number of other analysts also recently issued reports on the company. Lake Street Capital reaffirmed a “buy” rating and issued a $18.00 target price (down previously from $25.00) on shares of CyberOptics in a research report on Wednesday, July 3rd. Zacks Investment Research downgraded CyberOptics from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th. Finally, TheStreet downgraded CyberOptics from a “b-” rating to a “c+” rating in a research report on Tuesday, May 28th.

Shares of CYBE traded down $0.14 during midday trading on Thursday, hitting $13.12. The stock had a trading volume of 36,692 shares, compared to its average volume of 70,333. The firm has a 50 day moving average of $13.91. CyberOptics has a twelve month low of $11.55 and a twelve month high of $22.61. The firm has a market capitalization of $95.58 million, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 37.36 and a beta of 0.30. The company has a current ratio of 4.97, a quick ratio of 3.19 and a debt-to-equity ratio of 0.06.

CyberOptics (NASDAQ:CYBE) last released its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.11. CyberOptics had a return on equity of 5.74% and a net margin of 4.97%. The firm had revenue of $15.04 million for the quarter. On average, sell-side analysts predict that CyberOptics will post 0.03 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace North America L.P. acquired a new position in CyberOptics during the first quarter worth approximately $74,000. BerganKDV Wealth Management LLC bought a new stake in shares of CyberOptics during the first quarter worth approximately $128,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of CyberOptics by 114.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,531 shares of the scientific and technical instruments company’s stock worth $146,000 after acquiring an additional 4,559 shares during the period. Barclays PLC boosted its holdings in shares of CyberOptics by 11,138.1% during the fourth quarter. Barclays PLC now owns 11,800 shares of the scientific and technical instruments company’s stock worth $208,000 after acquiring an additional 11,695 shares during the period. Finally, Alambic Investment Management L.P. bought a new stake in shares of CyberOptics during the first quarter worth approximately $258,000. 60.19% of the stock is currently owned by hedge funds and other institutional investors.

About CyberOptics

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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