FARO Technologies, Inc. (NASDAQ:FARO) SVP Jody Storm Gale sold 10,666 shares of FARO Technologies stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $59.77, for a total transaction of $637,506.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of FARO Technologies, Inc. (FARO) traded up $1.45 during trading on Monday, hitting $62.30. 119,394 shares of the stock were exchanged, compared to its average volume of 91,552. FARO Technologies, Inc. has a twelve month low of $31.90 and a twelve month high of $63.45. The firm has a market capitalization of $1,060.00, a PE ratio of -30.84 and a beta of 1.44.
FARO Technologies (NASDAQ:FARO) last issued its quarterly earnings data on Wednesday, February 21st. The scientific and technical instruments company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.14. FARO Technologies had a negative net margin of 4.02% and a positive return on equity of 1.39%. The business had revenue of $106.40 million during the quarter, compared to analysts’ expectations of $104.31 million. During the same period in the previous year, the company earned $0.21 earnings per share. FARO Technologies’s revenue for the quarter was up 16.0% on a year-over-year basis. equities research analysts anticipate that FARO Technologies, Inc. will post 1.07 EPS for the current fiscal year.
A number of analysts have issued reports on FARO shares. BidaskClub cut shares of FARO Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, December 16th. Noble Financial reiterated a “buy” rating on shares of FARO Technologies in a research note on Friday, February 23rd. Zacks Investment Research upgraded shares of FARO Technologies from a “hold” rating to a “strong-buy” rating and set a $69.00 target price for the company in a research note on Monday, February 26th. Craig Hallum set a $60.00 target price on shares of FARO Technologies and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $66.00 target price on shares of FARO Technologies in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $58.67.
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About FARO Technologies
FARO Technologies, Inc designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging and realization systems. The Company operates in three segments: Factory Metrology, Construction BIM-CIM and Other. It sells its products through a direct sales force across customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications.
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