Perceptron (NASDAQ:PRCP) released its earnings results on Monday. The scientific and technical instruments company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.05, Morningstar.com reports. Perceptron had a net margin of 3.51% and a return on equity of 7.55%. The firm had revenue of $21.55 million for the quarter, compared to analyst estimates of $19.51 million. Perceptron updated its Q3 2019 guidance to EPS.

PRCP stock opened at $7.99 on Tuesday. Perceptron has a fifty-two week low of $6.75 and a fifty-two week high of $12.25. The company has a market cap of $74.44 million, a P/E ratio of 20.49 and a beta of 0.65.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc increased its stake in shares of Perceptron by 1.1% during the third quarter. Vanguard Group Inc now owns 287,783 shares of the scientific and technical instruments company’s stock worth $2,806,000 after buying an additional 3,100 shares during the period. PEAK6 Investments LLC acquired a new position in Perceptron in the third quarter valued at approximately $130,000. Renaissance Technologies LLC boosted its holdings in Perceptron by 2.5% in the third quarter. Renaissance Technologies LLC now owns 606,100 shares of the scientific and technical instruments company’s stock valued at $5,909,000 after purchasing an additional 15,000 shares in the last quarter. Quantum Capital Management boosted its holdings in Perceptron by 14.9% in the fourth quarter. Quantum Capital Management now owns 137,877 shares of the scientific and technical instruments company’s stock valued at $1,124,000 after purchasing an additional 17,887 shares in the last quarter. Finally, Simplex Trading LLC boosted its holdings in Perceptron by 37,122.0% in the third quarter. Simplex Trading LLC now owns 18,611 shares of the scientific and technical instruments company’s stock valued at $181,000 after purchasing an additional 18,561 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

A number of analysts recently weighed in on PRCP shares. ValuEngine upgraded shares of Perceptron from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. B. Riley started coverage on shares of Perceptron in a research note on Thursday, December 20th. They set a “buy” rating and a $13.00 target price on the stock.

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About Perceptron

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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Earnings History for Perceptron (NASDAQ:PRCP)

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