Restoration Robotics (HAIR) Trading Down 0.8%

Restoration Robotics (NASDAQ:HAIR) fell 0.8% on Wednesday . The company traded as low as $3.48 and last traded at $3.62. 216 shares were traded during trading, a decline of 100% from the average session volume of 132,998 shares. The stock had previously closed at $3.65.

A number of brokerages recently weighed in on HAIR. Roth Capital set a $11.00 price objective on Restoration Robotics and gave the stock a “buy” rating in a research note on Tuesday, March 20th. Zacks Investment Research cut Restoration Robotics from a “hold” rating to a “sell” rating in a research note on Thursday, March 8th. ValuEngine upgraded Restoration Robotics from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Craig Hallum began coverage on Restoration Robotics in a research note on Wednesday, February 14th. They set a “buy” rating and a $10.00 price objective for the company.

The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.06 and a current ratio of 1.55.

Restoration Robotics (NASDAQ:HAIR) last issued its quarterly earnings data on Monday, May 14th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09). The company had revenue of $5.01 million during the quarter, compared to analysts’ expectations of $6.64 million. equities research analysts predict that Restoration Robotics will post -0.82 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of HAIR. Millennium Management LLC purchased a new stake in shares of Restoration Robotics during the 4th quarter worth $201,000. BlackRock Inc. purchased a new stake in Restoration Robotics in the fourth quarter valued at about $265,000. Northern Trust Corp purchased a new stake in Restoration Robotics in the first quarter valued at about $273,000. Wells Fargo & Company MN raised its stake in Restoration Robotics by 10,700.4% in the first quarter. Wells Fargo & Company MN now owns 57,566 shares of the company’s stock valued at $359,000 after buying an additional 57,033 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in Restoration Robotics in the fourth quarter valued at about $457,000. Hedge funds and other institutional investors own 26.93% of the company’s stock.

Restoration Robotics Company Profile

Restoration Robotics, Inc, a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites.

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