Zacks Investment Research Downgrades Restoration Robotics (NASDAQ:HAIR) to Hold

Restoration Robotics (NASDAQ:HAIR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “Restoration Robotics Inc. is a medical device company. It engaged in developing and commercializing the ARTAS(R) Robotic Hair Restoration System. The company serves physicians and patients primarily in the United States. Restoration Robotics Inc. is based in San Jose, California. “

Separately, Maxim Group set a $25.00 target price on shares of Agilysys and gave the company a “buy” rating in a research note on Friday, May 17th.

Shares of HAIR stock traded down $0.02 during mid-day trading on Wednesday, reaching $0.65. The stock had a trading volume of 2,114 shares, compared to its average volume of 490,110. The company has a 50-day moving average price of $0.54. Restoration Robotics has a 52-week low of $0.35 and a 52-week high of $3.30. The company has a market capitalization of $31.40 million, a price-to-earnings ratio of -0.79 and a beta of 4.36. The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 12.27.

Restoration Robotics (NASDAQ:HAIR) last announced its earnings results on Wednesday, May 15th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. The firm had revenue of $5.39 million for the quarter, compared to analyst estimates of $5.93 million. Restoration Robotics had a negative net margin of 128.59% and a negative return on equity of 1,909.87%. Equities analysts forecast that Restoration Robotics will post -0.61 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its stake in Restoration Robotics by 136.8% during the first quarter. SG Americas Securities LLC now owns 671,424 shares of the company’s stock worth $396,000 after acquiring an additional 387,921 shares in the last quarter. Skylands Capital LLC boosted its stake in Restoration Robotics by 202.0% during the first quarter. Skylands Capital LLC now owns 231,000 shares of the company’s stock worth $136,000 after acquiring an additional 154,500 shares in the last quarter. Deutsche Bank AG bought a new stake in Restoration Robotics during the fourth quarter worth about $91,000. Granite Investment Partners LLC boosted its stake in Restoration Robotics by 87.8% during the first quarter. Granite Investment Partners LLC now owns 175,780 shares of the company’s stock worth $103,000 after acquiring an additional 82,190 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Restoration Robotics during the first quarter worth about $40,000. 19.98% of the stock is currently owned by institutional investors and hedge funds.

Restoration Robotics Company Profile

Restoration Robotics, Inc, a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites.

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