DAKT has been the subject of a number of other reports. TheStreet lowered Daktronics from a “b-” rating to a “c” rating in a report on Thursday, February 21st. Singular Research reaffirmed a “buy” rating on shares of Daktronics in a research note on Monday, March 4th.
Shares of Daktronics stock traded up $0.17 on Friday, reaching $7.60. 72,977 shares of the company were exchanged, compared to its average volume of 90,400. The company has a current ratio of 2.05, a quick ratio of 1.49 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $342.10 million, a price-to-earnings ratio of 34.55 and a beta of 1.02. Daktronics has a 1-year low of $7.14 and a 1-year high of $10.11.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bremer Trust National Association bought a new stake in shares of Daktronics during the 4th quarter worth $30,000. BNP Paribas Arbitrage SA boosted its stake in shares of Daktronics by 407.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,525 shares of the technology company’s stock worth $56,000 after acquiring an additional 6,042 shares in the last quarter. Capital Investment Advisory Services LLC bought a new stake in shares of Daktronics during the 4th quarter worth $66,000. PNC Financial Services Group Inc. boosted its stake in shares of Daktronics by 29.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,264 shares of the technology company’s stock worth $68,000 after acquiring an additional 2,082 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Daktronics by 262.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,770 shares of the technology company’s stock worth $72,000 after acquiring an additional 7,076 shares in the last quarter. 58.03% of the stock is owned by hedge funds and other institutional investors.
Daktronics, Inc designs, manufactures, and sells a range of electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.
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