Daktronics (NASDAQ:DAKT) Stock Rating Upgraded by Roth Mkm

Daktronics (NASDAQ:DAKT) was upgraded by investment analysts at Roth Mkm to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on DAKT. Weiss Ratings cut Daktronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Wall Street Zen upgraded Daktronics from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Zacks Research cut Daktronics from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Daktronics has a consensus rating of “Hold” and an average target price of $26.00.

Daktronics Trading Up 9.3%

DAKT opened at $20.91 on Wednesday. Daktronics has a one year low of $13.30 and a one year high of $28.27. The stock has a market capitalization of $1.01 billion, a PE ratio of 38.02, a P/E/G ratio of 0.53 and a beta of 1.66. The business’s 50 day moving average price is $19.76 and its 200 day moving average price is $20.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.68 and a current ratio of 2.22.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Daktronics by 0.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,856 shares of the technology company’s stock worth $1,440,000 after purchasing an additional 519 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Daktronics by 7.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,601 shares of the technology company’s stock worth $210,000 after purchasing an additional 707 shares in the last quarter. Royal Bank of Canada lifted its stake in Daktronics by 12.7% during the fourth quarter. Royal Bank of Canada now owns 6,430 shares of the technology company’s stock worth $127,000 after purchasing an additional 724 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Daktronics by 3.2% during the second quarter. Osaic Holdings Inc. now owns 23,638 shares of the technology company’s stock worth $357,000 after purchasing an additional 728 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Daktronics by 5.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 13,195 shares of the technology company’s stock worth $261,000 after purchasing an additional 730 shares in the last quarter. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Daktronics Company Profile

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.