Pro-Dex (NASDAQ:PDEX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Pro-Dex (NASDAQ:PDEXGet Rating) in a report issued on Friday. The firm set a “hold” rating on the medical instruments supplier’s stock.

NASDAQ:PDEX opened at $14.89 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.81 and a current ratio of 4.37. The company has a market cap of $53.89 million, a PE ratio of 17.11 and a beta of 1.12. Pro-Dex has a 52-week low of $12.40 and a 52-week high of $35.93. The stock has a 50-day simple moving average of $15.56 and a 200 day simple moving average of $20.32.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in shares of Pro-Dex by 149.7% in the second quarter. Morgan Stanley now owns 2,622 shares of the medical instruments supplier’s stock valued at $80,000 after buying an additional 1,572 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Pro-Dex by 11.2% in the 2nd quarter. Wells Fargo & Company MN now owns 3,283 shares of the medical instruments supplier’s stock valued at $101,000 after purchasing an additional 331 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Pro-Dex during the 4th quarter worth $313,000. LSV Asset Management increased its holdings in Pro-Dex by 13.9% in the 1st quarter. LSV Asset Management now owns 35,581 shares of the medical instruments supplier’s stock worth $588,000 after purchasing an additional 4,346 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Pro-Dex by 10.7% in the 3rd quarter. BlackRock Inc. now owns 49,114 shares of the medical instruments supplier’s stock worth $1,261,000 after purchasing an additional 4,752 shares in the last quarter. 16.73% of the stock is owned by institutional investors.

About Pro-Dex (Get Rating)

Pro-Dex, Inc designs, develops, and manufactures powered surgical instruments for medical device original equipment manufacturers worldwide. The company offers autoclavable, battery-powered and electric, and multi-function surgical drivers and shavers that are primarily used in the orthopedic, thoracic, and craniomaxillofacial markets.

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