Restoration Robotics (HAIR) Stock Price Down 19.9%

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.

Restoration Robotics (NASDAQ:HAIR) last announced its earnings results on Monday, November 5th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Restoration Robotics had a negative return on equity of 324.32% and a negative net margin of 103.09%. The firm had revenue of $4.82 million for the quarter, compared to the consensus estimate of $5.43 million. Equities analysts anticipate that Restoration Robotics Inc will post -0.83 earnings per share for the current fiscal year.

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.

COPYRIGHT VIOLATION NOTICE: “Restoration Robotics (HAIR) Stock Price Down 19.9%” was published by Community Financial News and is the property of of Community Financial News. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.com-unik.info/2018/12/01/restoration-robotics-hair-stock-price-down-19-9.html.

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.

Recommended Story: Leveraged Buyout (LBO)

Receive News & Ratings for Restoration Robotics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Robotics and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit