Restoration Robotics Inc (NASDAQ:HAIR)’s share price dropped 19.9% on Thursday . The company traded as low as $1.03 and last traded at $1.13. Approximately 882,079 shares changed hands during trading, an increase of 358% from the average daily volume of 192,632 shares. The stock had previously closed at $1.41.
HAIR has been the subject of a number of analyst reports. Maxim Group lowered their target price on shares of Restoration Robotics from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, August 14th. Zacks Investment Research raised shares of Restoration Robotics from a “sell” rating to a “hold” rating and set a $2.00 target price for the company in a research note on Wednesday, August 15th. Finally, William Blair initiated coverage on shares of Restoration Robotics in a research note on Wednesday, September 26th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $7.44.
The company has a market capitalization of $45.96 million and a price-to-earnings ratio of -0.46. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.72 and a current ratio of 4.24.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC raised its stake in Restoration Robotics by 72.9% during the second quarter. SeaCrest Wealth Management LLC now owns 51,565 shares of the company’s stock worth $179,000 after buying an additional 21,750 shares during the last quarter. Blair William & Co. IL bought a new stake in Restoration Robotics in the third quarter valued at $174,000. Bainco International Investors bought a new stake in Restoration Robotics in the second quarter valued at $224,000. BlackRock Inc. increased its stake in Restoration Robotics by 97.1% in the first quarter. BlackRock Inc. now owns 113,599 shares of the company’s stock valued at $708,000 after purchasing an additional 55,954 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Restoration Robotics in the second quarter valued at $618,000. 30.43% of the stock is owned by institutional investors and hedge funds.
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About Restoration Robotics (NASDAQ:HAIR)
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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