Dynamic Technology Lab Private Ltd Takes Position in FARO Technologies, Inc. (NASDAQ:FARO)

Dynamic Technology Lab Private Ltd bought a new position in shares of FARO Technologies, Inc. (NASDAQ:FARO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,111 shares of the scientific and technical instruments company’s stock, valued at approximately $213,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP lifted 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 period. CWM LLC grew its position in shares of FARO Technologies by 343.6% in the 2nd quarter. CWM LLC now owns 2,360 shares of the scientific and technical instruments company’s stock valued at $38,000 after buying an additional 1,828 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of FARO Technologies in the third quarter valued at about $141,000. American Century Companies Inc. raised its position 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 acquiring an additional 2,993 shares during the last quarter. Finally, Quest Partners LLC lifted its stake in shares of FARO Technologies by 196.7% in the third quarter. Quest Partners LLC now owns 31,622 shares of the scientific and technical instruments company’s stock worth $605,000 after acquiring an additional 20,963 shares during the period. 97.19% of the stock is owned by institutional investors.

FARO Technologies Trading Up 1.2 %

FARO opened at $26.57 on Tuesday. The company has a market cap of $502.70 million, a P/E ratio of -75.91 and a beta of 1.26. The company has a fifty day moving average price of $21.12 and a two-hundred day moving average price of $18.47. The company has a current ratio of 2.17, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27. FARO Technologies, Inc. has a 1-year low of $13.52 and a 1-year high of $28.04.

Insider Activity at FARO Technologies

In other FARO Technologies news, CEO Peter James Lau sold 5,435 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $16.67, for a total value of $90,601.45. Following the transaction, the chief executive officer now owns 133,975 shares in the company, valued at approximately $2,233,363.25. This represents a 3.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of FARO Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Needham & Company LLC boosted their target price on shares of FARO Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Craig Hallum increased their price target on FARO Technologies from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

FARO Technologies 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.