Pro-Dex, Inc. (NASDAQ:PDEX – Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.63 and traded as low as $18.25. Pro-Dex shares last traded at $18.49, with a volume of 6,110 shares.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Pro-Dex from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 5th.
View Our Latest Stock Report on Pro-Dex
Pro-Dex Price Performance
Pro-Dex (NASDAQ:PDEX – Get Free Report) last issued its earnings results on Thursday, May 2nd. The medical instruments supplier reported $0.19 earnings per share (EPS) for the quarter. Pro-Dex had a return on equity of 6.50% and a net margin of 4.13%. The company had revenue of $14.29 million for the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Pro-Dex stock. Perritt Capital Management Inc. raised its position in shares of Pro-Dex, Inc. (NASDAQ:PDEX – Free Report) by 43.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,000 shares of the medical instruments supplier’s stock after acquiring an additional 1,813 shares during the period. Perritt Capital Management Inc. owned approximately 0.18% of Pro-Dex worth $106,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 15.28% of the company’s stock.
About Pro-Dex
Pro-Dex, Inc designs, develops, manufactures, and sells 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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