FARO Technologies, Inc. (NASDAQ:FARO) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Zacks Investment Research has upgraded FARO Technologies, Inc. (NASDAQ:FARO) to Hold in a statement released on 10/04/2016.
On 08/04/2016, Needham released a statement for FARO Technologies, Inc. (NASDAQ:FARO) bumped down the target price from $39.00 to $36.00 that suggested an upside of 0.12%.
Boasting a price of $35.34, FARO Technologies, Inc. (NASDAQ:FARO) traded -0.53% lower on the day. With the last stock price close up 5.77% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. FARO Technologies, Inc. has recorded a 50-day average of $33.90 and a two hundred day average of $33.41. Volume of trade was down over the average, with 84,485 shares of FARO changing hands under the typical 114,202
With a total market value of $0, FARO Technologies, Inc. has price-earnings ratio of 41.33 with a one year low of $20.72 and a one year high of $40.51 .
A total of 7 equity analysts have released a ratings update on FARO. Two equity analysts rating the company a strong buy, two equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $37.43.
Brief Synopsis About FARO Technologies, Inc. (NASDAQ:FARO)
FARO Technologies, Inc. designs, develops, manufactures, markets and supports software driven, three-dimensional (3-D) measurement, imaging and realization systems. The Company operates in three segments: Americas, Europe/Africa and Asia-Pacific. The Company sells its products through a direct sales force across a number of customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications. Its FaroArm, FARO Laser ScanArm, FARO Gage, FARO Laser Tracker, FARO Cobalt Array 3D Imager AMP, and their companion CAM2 software provide for Computer-Aided Design (CAD)-based inspection and/or factory-level statistical process control and surveying. The Company's FARO Focus3D and FARO Freestyle3D laser scanners, and their companion SCENE, FARO public safety software and FARO 3D software, are utilized for a variety of 3D modeling, documentation and high-density surveying applications.
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