Daktronics, Inc. (NASDAQ:DAKT) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 2,043,300 shares, an increase of 8.8% from the July 31st total of 1,878,800 shares. Based on an average daily volume of 210,900 shares, the short-interest ratio is presently 9.7 days. Approximately 5.5% of the company’s stock are short sold.

DAKT stock traded down $0.05 during trading on Monday, hitting $7.73. 8,385 shares of the company’s stock traded hands, compared to its average volume of 231,712. The company has a quick ratio of 1.23, a current ratio of 1.78 and a debt-to-equity ratio of 0.08. Daktronics has a 52 week low of $5.78 and a 52 week high of $9.14. The stock has a fifty day moving average price of $6.50 and a two-hundred day moving average price of $6.92. The stock has a market capitalization of $349.71 million, a price-to-earnings ratio of -387.50 and a beta of 0.95.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings results on Wednesday, August 28th. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.10 by $0.06. The business had revenue of $180.30 million during the quarter, compared to analyst estimates of $156.92 million. Daktronics had a net margin of 0.25% and a return on equity of 0.76%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Monday, September 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 2.59%. Daktronics’s dividend payout ratio is currently -1,000.00%.

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Daktronics by 183.4% in the fourth quarter. Bank of America Corp DE now owns 58,286 shares of the technology company’s stock worth $431,000 after purchasing an additional 37,718 shares during the period. Dimensional Fund Advisors LP raised its holdings in Daktronics by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,114,297 shares of the technology company’s stock worth $23,046,000 after buying an additional 64,173 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Daktronics by 407.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,525 shares of the technology company’s stock worth $56,000 after buying an additional 6,042 shares during the period. Bank of Montreal Can raised its holdings in Daktronics by 2,557.1% during the 1st quarter. Bank of Montreal Can now owns 18,786 shares of the technology company’s stock worth $140,000 after buying an additional 18,079 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Daktronics by 70.2% during the 1st quarter. SG Americas Securities LLC now owns 18,433 shares of the technology company’s stock worth $137,000 after buying an additional 7,604 shares during the period. Institutional investors and hedge funds own 57.67% of the company’s stock.

A number of research firms have recently commented on DAKT. ValuEngine raised shares of Daktronics from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. BidaskClub upgraded shares of Daktronics from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th.

About Daktronics

Daktronics, Inc designs, manufactures, and sells a range of electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.

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