239,500 Shares in Exfo Inc (NASDAQ:EXFO) Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new position in shares of Exfo Inc (NASDAQ:EXFO) (TSE:EXF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 239,500 shares of the communications equipment provider’s stock, valued at approximately $918,000.

Separately, CLARET ASSET MANAGEMENT Corp lifted its position in Exfo by 7.7% during the first quarter. CLARET ASSET MANAGEMENT Corp now owns 101,764 shares of the communications equipment provider’s stock worth $374,000 after purchasing an additional 7,233 shares during the period. 10.13% of the stock is owned by institutional investors and hedge funds.

EXFO has been the subject of several recent analyst reports. Northland Securities reaffirmed a “buy” rating and set a $5.50 price objective on shares of Exfo in a research report on Thursday, July 11th. ValuEngine cut shares of Exfo from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Finally, Zacks Investment Research cut shares of Exfo from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.30.

Shares of EXFO stock traded up $0.01 on Friday, reaching $3.70. The company had a trading volume of 4,700 shares, compared to its average volume of 12,002. The stock has a market capitalization of $204.40 million, a PE ratio of 33.54 and a beta of 1.07. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 0.02. Exfo Inc has a one year low of $2.66 and a one year high of $4.97. The business’s 50-day moving average is $3.82 and its 200 day moving average is $3.87.

Exfo (NASDAQ:EXFO) (TSE:EXF) last posted its earnings results on Wednesday, July 10th. The communications equipment provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $73.59 million during the quarter, compared to the consensus estimate of $74.40 million. Exfo had a positive return on equity of 3.65% and a negative net margin of 2.17%. On average, sell-side analysts forecast that Exfo Inc will post 0.17 earnings per share for the current fiscal year.

Exfo Profile

EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.

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Institutional Ownership by Quarter for Exfo (NASDAQ:EXFO)

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