Daktronics, Inc. (NASDAQ:DAKT – Get Free Report) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 1,390,000 shares, a growth of 7.8% from the December 15th total of 1,290,000 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 478,800 shares, the short-interest ratio is currently 2.9 days.
Daktronics Stock Performance
Shares of Daktronics stock opened at $16.64 on Tuesday. Daktronics has a one year low of $7.20 and a one year high of $19.89. The firm has a market capitalization of $781.91 million, a price-to-earnings ratio of 66.56, a PEG ratio of 0.56 and a beta of 1.17. The business has a 50-day simple moving average of $16.52 and a 200 day simple moving average of $14.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.67.
Insider Transactions at Daktronics
In other news, Director John Patrick Friel sold 2,244 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $18.17, for a total transaction of $40,773.48. Following the completion of the transaction, the director now owns 87,573 shares of the company’s stock, valued at approximately $1,591,201.41. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reece A. Kurtenbach sold 8,048 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $18.75, for a total value of $150,900.00. Following the transaction, the chief executive officer now directly owns 469,727 shares of the company’s stock, valued at $8,807,381.25. This trade represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.
Institutional Trading of Daktronics
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Daktronics from a “hold” rating to a “buy” rating in a research report on Monday, October 14th.
Read Our Latest Research Report on Daktronics
About Daktronics
Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.
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