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Zacks Investment Research announced Daktronics, Inc. (NASDAQ:DAKT), bumping up its stock price target to $12.00 today

Yesterday Daktronics, Inc. (NASDAQ:DAKT) traded 1.60% higher at $10.64. The company’s 50-day moving average is $8.97 and its 200-day moving average is $7.99. The last closing price is up 35.29% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 321,016 shares of the stock traded hands, up from an average trading volume of 228,055

In a report issued 11/28/2016 Zacks Investment Research bumped up the target of Daktronics, Inc. (NASDAQ:DAKT) to $12.00 stating a possible upside of 0.13%.

See Chart Below

Daktronics, Inc. (NASDAQ:DAKT)

Daktronics, Inc. has a 52 week low of $5.92 and a 52 week high of $10.81 with a P/E ratio of 124.25 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 2 brokerages have issued a ratings update on DAKT. The one year target is $7.50 with two equity analysts rating the company a strong buy, one analyst rating the company a buy, zero firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Daktronics, Inc. (NASDAQ:DAKT)

Daktronics, Inc. is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The Company offers a range of products, from small scoreboards and electronic displays to video display systems, as well as related control, timing and sound systems. It designs, markets, manufactures, installs and services integrated systems displaying real-time data, graphics, animation and video. Its product families include video displays, scoreboards and timing systems, message displays, intelligent transportation systems (ITS) dynamic message signs, space availability displays, audio systems, advertising displays, digit and price displays and digital messaging systems.

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