Daktronics (NASDAQ:DAKT) Shares Pass Above Two Hundred Day Moving Average of $9.08

Daktronics, Inc. (NASDAQ:DAKT)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.08 and traded as high as $10.78. Daktronics shares last traded at $10.51, with a volume of 376,265 shares.

Analysts Set New Price Targets

Separately, StockNews.com lowered Daktronics from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th.

Daktronics Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.38 and a current ratio of 2.21. The firm has a 50 day simple moving average of $9.47 and a two-hundred day simple moving average of $9.08. The stock has a market cap of $485.46 million, a P/E ratio of 10.20, a P/E/G ratio of 0.41 and a beta of 1.09.

Daktronics (NASDAQ:DAKT) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $170.30 million during the quarter. Daktronics had a net margin of 6.59% and a return on equity of 30.57%. Equities research analysts predict that Daktronics, Inc. will post 1.12 earnings per share for the current year.

Institutional Trading of Daktronics

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Daktronics by 14.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,451,404 shares of the technology company’s stock valued at $20,788,000 after acquiring an additional 305,597 shares during the last quarter. Vanguard Group Inc. lifted its stake in Daktronics by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,154,605 shares of the technology company’s stock valued at $19,219,000 after purchasing an additional 11,194 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Daktronics by 15.6% during the third quarter. Acadian Asset Management LLC now owns 1,510,763 shares of the technology company’s stock worth $13,471,000 after buying an additional 203,818 shares in the last quarter. Breach Inlet Capital Management LLC acquired a new position in Daktronics in the fourth quarter worth approximately $11,508,000. Finally, First Bank & Trust lifted its position in shares of Daktronics by 29.5% during the 1st quarter. First Bank & Trust now owns 997,216 shares of the technology company’s stock valued at $9,932,000 after acquiring an additional 227,108 shares during the last quarter. Institutional investors and hedge funds own 61.69% of the company’s stock.

About Daktronics

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.