LRAD Corporation (NASDAQ:GNSS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus price objective of $5.00 for the company and are expecting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned LRAD an industry rank of 112 out of 255 based on the ratings given to related companies.
A number of research analysts have issued reports on the company. TheStreet raised LRAD from a “c” rating to a “b-” rating in a report on Monday, December 9th. Oppenheimer restated a “buy” rating and issued a $5.00 price objective on shares of LRAD in a research report on Tuesday, February 11th. ValuEngine cut LRAD from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. Finally, Zacks Investment Research upgraded LRAD from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a research report on Thursday, February 13th.
NASDAQ:GNSS traded up $0.03 during trading hours on Wednesday, reaching $3.10. The company had a trading volume of 59,100 shares, compared to its average volume of 59,953. LRAD has a 1-year low of $2.62 and a 1-year high of $4.24. The company has a market capitalization of $104.93 million, a price-to-earnings ratio of 38.75 and a beta of 0.31. The stock has a 50 day moving average price of $3.46.
LRAD (NASDAQ:GNSS) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. LRAD had a return on equity of 6.73% and a net margin of 6.63%. The company had revenue of $8.78 million during the quarter, compared to the consensus estimate of $9.50 million. On average, research analysts forecast that LRAD will post 0.13 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. Manatuck Hill Partners LLC purchased a new stake in shares of LRAD in the fourth quarter valued at approximately $9,814,000. Renaissance Technologies LLC purchased a new stake in shares of LRAD in the fourth quarter valued at approximately $1,385,000. Essex Investment Management Co. LLC purchased a new stake in shares of LRAD in the fourth quarter valued at approximately $1,194,000. Geode Capital Management LLC purchased a new stake in shares of LRAD in the fourth quarter valued at approximately $544,000. Finally, Royce & Associates LP purchased a new stake in shares of LRAD in the fourth quarter valued at approximately $246,000. Institutional investors and hedge funds own 48.60% of the company’s stock.
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