LRAD (NASDAQ:LRAD) issued its quarterly earnings data on Monday. The scientific and technical instruments company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01), Bloomberg Earnings reports. LRAD had a negative return on equity of 0.88% and a negative net margin of 0.97%. The business had revenue of $8.86 million during the quarter, compared to the consensus estimate of $11.10 million.
Shares of LRAD stock opened at $3.77 on Wednesday. LRAD has a 12-month low of $2.08 and a 12-month high of $4.24. The company has a market cap of $127.36 million, a price-to-earnings ratio of -62.83 and a beta of 0.62. The business has a 50 day simple moving average of $3.84.
In related news, major shareholder Awm Investment Company, Inc. sold 100,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $4.02, for a total value of $402,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.
A number of equities analysts recently issued reports on LRAD shares. Oppenheimer started coverage on LRAD in a report on Tuesday, July 2nd. They issued an “outperform” rating and a $5.00 price objective for the company. CIBC started coverage on LRAD in a report on Tuesday, July 2nd. They issued an “outperform” rating and a $5.00 price objective for the company. Finally, UBS Group started coverage on LRAD in a report on Tuesday, July 2nd. They issued an “outperform” rating and a $5.00 price objective for the company.
LRAD Corporation designs, develops, and commercializes directed sound technologies and products in North and South America, Europe, the Middle East, Africa, and Asia. It develops directed acoustic communication systems that focus sound over short and long distances. The company offers directional and omnidirectional acoustic systems and accessories.
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