Daktronics (NASDAQ:DAKT) Raised to “Strong-Buy” at Roth Mkm

Daktronics (NASDAQ:DAKTGet Free Report) was upgraded by equities researchers at Roth Mkm to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

DAKT has been the subject of several other reports. Zacks Research cut Daktronics from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Weiss Ratings cut Daktronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Finally, Wall Street Zen upgraded Daktronics from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. One investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.00.

View Our Latest Stock Report on Daktronics

Daktronics Price Performance

Shares of Daktronics stock opened at $20.91 on Wednesday. The firm has a market capitalization of $1.01 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 0.53 and a beta of 1.66. Daktronics has a 12 month low of $13.30 and a 12 month high of $28.27. 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 current ratio of 2.22, a quick ratio of 1.68 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On Daktronics

Several institutional investors have recently bought and sold shares of DAKT. Quarry LP purchased a new stake in Daktronics in the 3rd quarter worth approximately $25,000. Cornerstone Planning Group LLC purchased a new stake in Daktronics in the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in Daktronics by 22,566.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,360 shares of the technology company’s stock worth $27,000 after buying an additional 1,354 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Daktronics by 204.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,046 shares of the technology company’s stock worth $46,000 after buying an additional 2,045 shares during the period. Finally, Clearstead Advisors LLC purchased a new stake in Daktronics in the 4th quarter worth approximately $57,000. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

About Daktronics

(Get Free Report)

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.

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