Adept Technology Rating Increased to Buy at Roth Capital (ADEP)
Adept Technology (NASDAQ:ADEP) was upgraded by research analysts at Roth Capital to a “buy” rating in a report released on Tuesday. The firm currently has a $13.00 price objective on the stock. Roth Capital’s price objective points to a potential upside of 16.80% from the stock’s previous close.
Shares of Adept Technology (NASDAQ:ADEP) opened at 11.13 on Tuesday. Adept Technology has a one year low of $3.25 and a one year high of $21.90. The stock’s 50-day moving average is $9.35 and its 200-day moving average is $13.14. The company’s market cap is $145.3 million.
Adept Technology (NASDAQ:ADEP) last issued its quarterly earnings data on Monday, August 25th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.05. The company had revenue of $14.30 million for the quarter, compared to the consensus estimate of $16.22 million. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that Adept Technology will post $0.25 EPS for the current fiscal year.
Separately, analysts at Dougherty & Co upgraded shares of Adept Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday.
Adept Technology, Inc (NASDAQ:ADEP) provides robotics systems and services helping its customers in their assembly, handling, packaging, testing, warehousing, logistics and other automated processes, in both fixed repetitive and unstructured environments.
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