CyberOptics (NASDAQ:CYBE) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of CyberOptics (NASDAQ:CYBE) from a sell rating to a hold rating in a report published on Thursday morning, ValuEngine reports.

A number of other brokerages have also commented on CYBE. Lake Street Capital reissued a buy rating and set a $18.00 price target (down from $25.00) on shares of CyberOptics in a research note on Wednesday, July 3rd. TheStreet lowered CyberOptics from a b- rating to a c+ rating in a research note on Tuesday, May 28th. Finally, Zacks Investment Research lowered CyberOptics from a hold rating to a sell rating in a research note on Thursday, July 25th.

Shares of CYBE stock traded down $0.14 during mid-day trading on Thursday, reaching $13.12. 36,692 shares of the stock traded hands, compared to its average volume of 70,333. The business has a fifty day moving average price of $13.91. CyberOptics has a 1-year low of $11.55 and a 1-year high of $22.61. The stock has a market capitalization of $95.58 million, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 37.36 and a beta of 0.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.19 and a current ratio of 4.97.

CyberOptics (NASDAQ:CYBE) last announced its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.06 EPS for the quarter, beating the Zacks’ 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. Equities research analysts expect that CyberOptics will post 0.03 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of CYBE. Municipal Employees Retirement System of Michigan bought a new position in shares of CyberOptics during the second quarter worth about $388,000. Marshall Wace LLP bought a new position in shares of CyberOptics during the first quarter worth about $282,000. Alambic Investment Management L.P. bought a new position in shares of CyberOptics during the first quarter worth about $258,000. Punch & Associates Investment Management Inc. raised its position in shares of CyberOptics by 14.6% during 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 during the last quarter. Finally, Barclays PLC raised its position 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 last quarter. Institutional investors own 60.19% of the company’s stock.

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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