Daktronics (NASDAQ:DAKT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

According to Zacks, “Daktronics Inc. has strong leadership positions in, and is one of the world’s largest suppliers of, electronic scoreboards, computer-programmable displays, and large screen video displays and control systems. The company excels in the control of large display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in sport, business and transportation applications. “

Several other analysts also recently weighed in on DAKT. TheStreet upgraded shares of Daktronics from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. BidaskClub downgraded shares of Daktronics from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 6th.

Daktronics (DAKT) traded up $0.01 during trading on Thursday, hitting $9.37. 73,443 shares of the stock were exchanged, compared to its average volume of 140,185. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.53 and a current ratio of 2.04. Daktronics has a one year low of $7.84 and a one year high of $11.12. The company has a market cap of $416.72, a P/E ratio of 37.08 and a beta of 1.22.

Daktronics (NASDAQ:DAKT) last posted its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). Daktronics had a return on equity of 5.56% and a net margin of 1.89%. The business had revenue of $169.30 million during the quarter, compared to the consensus estimate of $172.55 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. equities analysts expect that Daktronics will post 0.36 EPS for the current year.

In related news, insider Carla S. Gatzke sold 2,996 shares of Daktronics stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $10.27, for a total value of $30,768.92. Following the sale, the insider now directly owns 435,063 shares in the company, valued at approximately $4,468,097.01. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 8.20% of the company’s stock.

A number of large investors have recently modified their holdings of DAKT. Alliancebernstein L.P. lifted its position in Daktronics by 6,156.9% in the 4th quarter. Alliancebernstein L.P. now owns 1,400,430 shares of the technology company’s stock valued at $12,212,000 after purchasing an additional 1,378,048 shares during the last quarter. First Bank & Trust bought a new stake in shares of Daktronics during the 4th quarter worth about $12,655,000. Bernzott Capital Advisors raised its position in shares of Daktronics by 42.1% during the 4th quarter. Bernzott Capital Advisors now owns 1,645,997 shares of the technology company’s stock worth $14,353,000 after buying an additional 487,709 shares in the last quarter. Norges Bank bought a new stake in shares of Daktronics during the 4th quarter worth about $4,261,000. Finally, Mondrian Investment Partners LTD raised its position in shares of Daktronics by 12,244.9% during the 1st quarter. Mondrian Investment Partners LTD now owns 390,345 shares of the technology company’s stock worth $3,084,000 after buying an additional 387,183 shares in the last quarter. Hedge funds and other institutional investors own 53.63% of the company’s stock.

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About Daktronics

Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.

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