Perceptron (PRCP) Given a $10.00 Price Target at B. Riley

B. Riley set a $10.00 price objective on Perceptron (NASDAQ:PRCP) in a research report sent to investors on Monday morning, TipRanks reports. The firm currently has a buy rating on the scientific and technical instruments company’s stock.

Separately, ValuEngine lowered Perceptron from a sell rating to a strong sell rating in a research note on Friday.

Shares of PRCP stock traded down $0.20 on Monday, reaching $4.99. 29,946 shares of the company were exchanged, compared to its average volume of 14,273. The stock has a market capitalization of $68.00 million, a P/E ratio of 12.79 and a beta of 0.66. The company has a quick ratio of 1.97, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. Perceptron has a 1 year low of $4.86 and a 1 year high of $12.25.



Perceptron (NASDAQ:PRCP) last issued its quarterly earnings results on Thursday, May 9th. The scientific and technical instruments company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.13). Perceptron had a net margin of 4.81% and a return on equity of 7.88%. The company had revenue of $15.63 million during the quarter, compared to analysts’ expectations of $18.40 million. On average, analysts expect that Perceptron will post 0.45 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in PRCP. Quantum Capital Management raised its holdings in shares of Perceptron by 3.1% during the 1st quarter. Quantum Capital Management now owns 142,191 shares of the scientific and technical instruments company’s stock worth $1,066,000 after acquiring an additional 4,314 shares during the period. Penbrook Management LLC boosted its position in shares of Perceptron by 8.7% during the 1st quarter. Penbrook Management LLC now owns 173,993 shares of the scientific and technical instruments company’s stock valued at $1,305,000 after acquiring an additional 13,950 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Perceptron by 1.1% in the third quarter. Vanguard Group Inc now owns 287,783 shares of the scientific and technical instruments company’s stock valued at $2,806,000 after purchasing an additional 3,100 shares during the period. Finally, Punch & Associates Investment Management Inc. grew its holdings in shares of Perceptron by 3.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 585,644 shares of the scientific and technical instruments company’s stock valued at $4,392,000 after purchasing an additional 19,060 shares during the period. 70.88% of the stock is owned by institutional investors and hedge funds.

Perceptron Company Profile

Perceptron, Inc develops, produces, and sells various automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection, and 3D scanning in Europe, Asia, and the Americas. It provides various in-line and near-line measurement solutions, including AutoGauge, AutoGauge ACF, AutoGuide, and Helix evo engineered metrology systems for industrial automated process control and assembly using fixed and robot mounted laser scanners; and offline measurement solutions comprising Coord3 and TouchDMIS for industrial gauging and dimensional inspection using standalone robot mounted laser scanners and coordinate measuring machines.

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