LRAD (NASDAQ:LRAD) was upgraded by TheStreet from a “d+” rating to a “c” rating in a report released on Thursday.

LRAD (NASDAQ:LRAD) opened at $2.26 on Thursday. LRAD has a one year low of $1.30 and a one year high of $2.58. The firm has a market cap of $73.15, a price-to-earnings ratio of -75.33 and a beta of 0.48.

A hedge fund recently raised its stake in LRAD stock. Essex Investment Management Co. LLC lifted its position in shares of LRAD Corp (NASDAQ:LRAD) by 149.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 214,278 shares of the scientific and technical instruments company’s stock after buying an additional 128,284 shares during the quarter. Essex Investment Management Co. LLC owned approximately 0.67% of LRAD worth $456,000 at the end of the most recent quarter. Institutional investors own 46.42% of the company’s stock.

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About LRAD

LRAD Corporation is engaged in the design, development and commercialization of directed sound technologies and products. The Company develops and delivers directed acoustic products that beam, focus and control sound over relatively short and long distances. Its long range acoustic device (LRAD) offers directional long-range acoustic hailing devices (AHDs).

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