Share on StockTwits

Adept Technology (NASDAQ:ADEP) was upgraded by investment analysts at Dougherty & Co from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.

Adept Technology (NASDAQ:ADEP) opened at 11.13 on Tuesday. Adept Technology has a 52 week low of $3.25 and a 52 week high of $21.90. The stock has a 50-day moving average of $9.35 and a 200-day moving average of $13.14. The company’s market cap is $145.3 million.

Adept Technology (NASDAQ:ADEP) last posted its quarterly earnings results on Monday, August 25th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Adept Technology will post $0.25 earnings per share for the current fiscal year.

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.

The Fly On The Wall

Receive News & Ratings for Adept Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adept Technology and related companies with Analyst Ratings Network's FREE daily email newsletter.