Faro Technologies (FARO) Gets a Hold Rating from Needham

By Ryan Adsit

Needham analyst James Ricchiuti maintained a Hold rating on Faro Technologies (FAROResearch Report) today. The company’s shares closed last Monday at $47.97.

According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 15.0% and a 62.0% success rate. Ricchiuti covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Teledyne Technologies Inc, and Universal Display.

The the analyst consensus on Faro Technologies is currently a Hold rating.

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The company has a one-year high of $57.58 and a one-year low of $37.58. Currently, Faro Technologies has an average volume of 96.55K.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FARO in relation to earlier this year.

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FARO Technologies, Inc. engages in the design, development, manufacture, marketing, and support of three-dimensional (3D) measurement, imaging, and realization systems. It operates through the following segments: 3D Manufacturing, Construction BIM, and Emerging Verticals.