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LRAD Corp. (NASDAQ:LRAD) was downgraded by Sidoti from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports.

LRAD Corp. (NASDAQ:LRAD) traded down 5.66% on Wednesday, hitting $3.066. 822,987 shares of the company’s stock traded hands. LRAD Corp. has a 52 week low of $1.26 and a 52 week high of $3.35. The stock’s 50-day moving average is $2.14 and its 200-day moving average is $2.03. The company has a market cap of $101.2 million and a P/E ratio of 19.46.

LRAD Corporation is engaged in the design, development and commercialization of directed sound technologies and products.

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