Restoration Robotics Inc (NASDAQ:HAIR) was up 16.8% during trading on Monday . The stock traded as high as $2.40 and last traded at $2.29. Approximately 704,547 shares were traded during trading, an increase of 270% from the average daily volume of 190,446 shares. The stock had previously closed at $1.96.
Several equities research analysts have recently commented on HAIR shares. Zacks Investment Research raised Restoration Robotics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. Maxim Group decreased their price target on Restoration Robotics from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 14th. Finally, William Blair started coverage on Restoration Robotics in a research note on Wednesday, September 26th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $7.44.
The company has a quick ratio of 2.84, a current ratio of 3.19 and a debt-to-equity ratio of 32.03. The company has a market cap of $57.17 million and a PE ratio of -0.81.
In related news, major shareholder Interwest Partners Ix, Lp bought 2,000,000 shares of Restoration Robotics stock in a transaction that occurred on Thursday, August 9th. The shares were purchased at an average price of $1.50 per share, with a total value of $3,000,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frederic H. Moll bought 333,333 shares of Restoration Robotics stock in a transaction that occurred on Thursday, August 9th. The stock was bought at an average cost of $1.50 per share, for a total transaction of $499,999.50. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 2,399,999 shares of company stock worth $3,599,999. 37.80% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of HAIR. Interwest Venture Management Co. raised its holdings in Restoration Robotics by 59.6% in the 3rd quarter. Interwest Venture Management Co. now owns 5,355,786 shares of the company’s stock valued at $15,532,000 after acquiring an additional 2,000,000 shares during the last quarter. Perkins Capital Management Inc. acquired a new position in Restoration Robotics in the 3rd quarter valued at $1,726,000. Skylands Capital LLC acquired a new position in Restoration Robotics in the 3rd quarter valued at $713,000. SG Americas Securities LLC acquired a new position in Restoration Robotics in the 3rd quarter valued at $527,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Restoration Robotics in the 2nd quarter valued at $618,000. Institutional investors own 39.22% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Restoration Robotics (HAIR) Trading Up 16.8%” was reported by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://weekherald.com/2018/11/07/restoration-robotics-hair-trading-up-16-8.html.
Restoration Robotics Company Profile (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: Outstanding Shares and The Effect on Share Price
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.