Pro-Dex (NASDAQ:PDEX) Share Price Passes Above 200-Day Moving Average of $18.45

Pro-Dex, Inc. (NASDAQ:PDEX) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.45 and traded as high as $19.75. Pro-Dex shares last traded at $19.70, with a volume of 4,564 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Pro-Dex from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 5th.

Pro-Dex Trading Down 0.8 %

The company has a quick ratio of 2.08, a current ratio of 3.45 and a debt-to-equity ratio of 0.25. The firm’s 50-day simple moving average is $18.92 and its 200 day simple moving average is $18.45. The stock has a market capitalization of $67.37 million, a P/E ratio of 33.97 and a beta of 0.41.

Pro-Dex (NASDAQ:PDEX) last released its quarterly earnings data on Thursday, May 2nd. The medical instruments supplier reported $0.19 earnings per share for the quarter. Pro-Dex had a return on equity of 6.50% and a net margin of 4.13%. The business had revenue of $14.29 million during the quarter.

Institutional Trading of Pro-Dex

An institutional investor recently raised its position in Pro-Dex stock. Perritt Capital Management Inc. grew its position in Pro-Dex, Inc. (NASDAQ:PDEX) by 43.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the medical instruments supplier’s stock after purchasing an additional 1,813 shares during the period. Perritt Capital Management Inc. owned about 0.18% of Pro-Dex worth $106,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 15.28% of the company’s stock.

Pro-Dex Company Profile

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.