Daktronics (NASDAQ:DAKT) Sees Unusually-High Trading Volume

Daktronics, Inc. (NASDAQ:DAKT) saw unusually-strong trading volume on Friday . Approximately 145,893 shares changed hands during trading, a decline of 70% from the previous session’s volume of 492,337 shares.The stock last traded at $14.34 and had previously closed at $13.47.

Daktronics Trading Up 3.6 %

The company has a debt-to-equity ratio of 0.31, a current ratio of 2.09 and a quick ratio of 1.38. The firm has a market capitalization of $645.89 million, a PE ratio of 22.87, a price-to-earnings-growth ratio of 0.53 and a beta of 1.06. The business’s 50-day moving average price is $11.01 and its 200-day moving average price is $9.43.

Daktronics (NASDAQ:DAKT) last announced its earnings results on Wednesday, June 26th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.13. The business had revenue of $215.88 million for the quarter, compared to analyst estimates of $179.28 million. Daktronics had a net margin of 4.23% and a return on equity of 25.55%. As a group, analysts expect that Daktronics, Inc. will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Daktronics

Several hedge funds have recently modified their holdings of DAKT. Breach Inlet Capital Management LLC acquired a new stake in shares of Daktronics during the fourth quarter worth $11,508,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Daktronics during the first quarter worth $7,482,000. Progeny 3 Inc. acquired a new stake in shares of Daktronics during the first quarter worth $7,448,000. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Daktronics during the fourth quarter worth $4,240,000. Finally, Anthracite Investment Company Inc. acquired a new stake in Daktronics in the fourth quarter valued at $4,069,000. 61.69% of the stock is owned by institutional investors and hedge funds.

About Daktronics

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.