Dougherty & Co Upgrades Adept Technology to “Buy” (ADEP)
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.
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