Equities research analysts at Craig Hallum started coverage on shares of Restoration Robotics (NASDAQ:HAIR) in a note issued to investors on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.
A number of other research firms have also recently commented on HAIR. ValuEngine raised Restoration Robotics from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Roth Capital set a $7.50 target price on Restoration Robotics and gave the company a “buy” rating in a research note on Thursday, December 14th.
Shares of Restoration Robotics (HAIR) opened at $4.50 on Wednesday. The company has a debt-to-equity ratio of -0.05, a current ratio of 0.62 and a quick ratio of 0.49. Restoration Robotics has a 52 week low of $3.80 and a 52 week high of $11.95.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Restoration Robotics during the fourth quarter valued at approximately $265,000. Lombard Odier Asset Management USA Corp bought a new position in shares of Restoration Robotics during the fourth quarter valued at approximately $457,000. Royce & Associates LP bought a new position in shares of Restoration Robotics during the fourth quarter valued at approximately $575,000. Finally, Clarus Ventures LLC bought a new position in shares of Restoration Robotics during the fourth quarter valued at approximately $16,422,000. 11.64% of the stock is currently owned by hedge funds and other institutional investors.
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About Restoration Robotics
Restoration Robotics, Inc is a medical device company. The Company designs and develops the ARTAS Robotic Hair Transplant System, a physician-assisted system to harvest follicular units directly from the scalp and create recipient implant sites using algorithms. It offers machine vision, image guidance, visual servoing and robotics, as well as develops interfaces to manage these technologies.
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