Restoration Robotics (HAIR) Cut to “Hold” at Maxim Group

Restoration Robotics (NASDAQ:HAIR) was downgraded by stock analysts at Maxim Group from a “buy” rating to a “hold” rating in a report released on Friday, The Fly reports.

HAIR has been the subject of several other reports. Zacks Investment Research downgraded Restoration Robotics from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 21st. Roth Capital restated a “buy” rating on shares of Restoration Robotics in a research report on Tuesday, February 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Restoration Robotics has an average rating of “Buy” and a consensus target price of $6.58.

Shares of NASDAQ:HAIR traded up $0.08 during trading on Friday, reaching $0.91. 461,429 shares of the company traded hands, compared to its average volume of 599,430. The company has a market cap of $34.58 million, a price-to-earnings ratio of -0.36 and a beta of 4.91. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.72 and a current ratio of 4.24. Restoration Robotics has a 52 week low of $0.35 and a 52 week high of $8.20.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Blair William & Co. IL acquired a new position in Restoration Robotics in the 3rd quarter worth about $174,000. SG Americas Securities LLC increased its stake in shares of Restoration Robotics by 55.9% in the fourth quarter. SG Americas Securities LLC now owns 283,503 shares of the company’s stock valued at $123,000 after buying an additional 101,608 shares during the period. Vanguard Group Inc increased its stake in shares of Restoration Robotics by 173.2% in the third quarter. Vanguard Group Inc now owns 864,368 shares of the company’s stock valued at $2,507,000 after buying an additional 547,968 shares during the period. Vanguard Group Inc. increased its stake in shares of Restoration Robotics by 173.2% in the third quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock valued at $2,507,000 after buying an additional 547,968 shares during the period. Finally, Royce & Associates LP increased its stake in shares of Restoration Robotics by 180.6% in the third quarter. Royce & Associates LP now owns 982,000 shares of the company’s stock valued at $2,848,000 after buying an additional 632,000 shares during the period. 27.83% of the stock is owned by institutional investors and hedge funds.

Restoration Robotics Company Profile

Restoration Robotics, Inc, a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites.

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