Range Financial Group LLC Takes $374,000 Position in FARO Technologies, Inc. (NASDAQ:FARO)

Range Financial Group LLC purchased a new stake in shares of FARO Technologies, Inc. (NASDAQ:FARO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 14,756 shares of the scientific and technical instruments company’s stock, valued at approximately $374,000. Range Financial Group LLC owned about 0.08% of FARO Technologies at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FARO. Quarry LP grew its holdings in shares of FARO Technologies by 912.2% during the second quarter. Quarry LP now owns 1,832 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 1,651 shares during the last quarter. CWM LLC grew its holdings in FARO Technologies by 41.0% during the 3rd quarter. CWM LLC now owns 3,328 shares of the scientific and technical instruments company’s stock worth $64,000 after acquiring an additional 968 shares during the last quarter. SG Americas Securities LLC acquired a new position in FARO Technologies in the 3rd quarter valued at approximately $141,000. Dynamic Technology Lab Private Ltd bought a new position in shares of FARO Technologies during the third quarter valued at $213,000. Finally, American Century Companies Inc. lifted its holdings in shares of FARO Technologies by 16.7% during the second quarter. American Century Companies Inc. now owns 20,903 shares of the scientific and technical instruments company’s stock worth $334,000 after purchasing an additional 2,993 shares during the period. 97.19% of the stock is currently owned by institutional investors and hedge funds.

FARO Technologies Stock Performance

FARO stock opened at $26.17 on Wednesday. FARO Technologies, Inc. has a 1-year low of $13.52 and a 1-year high of $29.30. The company has a current ratio of 2.17, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $25.40 and a 200-day moving average price of $20.03. The firm has a market cap of $495.14 million, a PE ratio of -74.77 and a beta of 1.38.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. StockNews.com raised FARO Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Needham & Company LLC lifted their price objective on FARO Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Craig Hallum upped their target price on FARO Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, December 12th.

FARO Technologies Company Profile

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications.