Daktronics (NASDAQ:DAKT) Shares Pass Above Two Hundred Day Moving Average of $9.04

Daktronics, Inc. (NASDAQ:DAKT)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.04 and traded as high as $9.20. Daktronics shares last traded at $9.11, with a volume of 277,730 shares traded.

Analyst Upgrades and Downgrades

DAKT has been the subject of a number of research reports. TheStreet downgraded Daktronics from a “b-” rating to a “c+” rating in a research note on Friday, January 5th. StockNews.com cut Daktronics from a “buy” rating to a “hold” rating in a report on Thursday, February 29th.

Daktronics Stock Performance

The stock has a market cap of $420.79 million, a P/E ratio of 8.84, a PEG ratio of 0.27 and a beta of 1.08. The company has a fifty day moving average of $9.05 and a 200 day moving average of $9.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.38.

Daktronics (NASDAQ:DAKT) last announced its earnings results on Wednesday, February 28th. The technology company reported ($0.03) EPS for the quarter. The firm had revenue of $170.30 million for the quarter. Daktronics had a return on equity of 30.57% and a net margin of 6.59%. On average, equities analysts predict that Daktronics, Inc. will post 1.12 earnings per share for the current fiscal year.

Institutional Trading of Daktronics

Several large investors have recently added to or reduced their stakes in DAKT. Public Employees Retirement System of Ohio grew its holdings in shares of Daktronics by 11.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,600 shares of the technology company’s stock valued at $211,000 after acquiring an additional 2,400 shares in the last quarter. Watershed Asset Management L.L.C. boosted its holdings in Daktronics by 12.7% in the fourth quarter. Watershed Asset Management L.L.C. now owns 32,326 shares of the technology company’s stock worth $274,000 after purchasing an additional 3,655 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Daktronics by 26.9% in the fourth quarter. SG Americas Securities LLC now owns 20,815 shares of the technology company’s stock worth $177,000 after purchasing an additional 4,416 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Daktronics in the third quarter worth $40,000. Finally, Gabelli Funds LLC boosted its holdings in Daktronics by 7.2% in the fourth quarter. Gabelli Funds LLC now owns 69,700 shares of the technology company’s stock worth $591,000 after purchasing an additional 4,700 shares in the last quarter. 61.69% of the stock is owned by institutional investors and hedge funds.

Daktronics Company Profile

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.