Restoration Robotics (HAIR) Sees Strong Trading Volume

Restoration Robotics Inc (NASDAQ:HAIR) saw an uptick in trading volume on Friday . 22,594,795 shares were traded during trading, an increase of 2,092% from the previous session’s volume of 1,030,821 shares.The stock last traded at $0.90 and had previously closed at $0.83.

A number of brokerages have recently issued reports on HAIR. Zacks Investment Research raised Restoration Robotics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Maxim Group downgraded Restoration Robotics from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Roth Capital reissued a “buy” rating on shares of Restoration Robotics in a research note on Tuesday, February 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Restoration Robotics has a consensus rating of “Buy” and a consensus target price of $6.58.

The company has a market capitalization of $34.58 million, a PE ratio of -0.36 and a beta of 4.91. The company has a quick ratio of 3.72, a current ratio of 4.24 and a debt-to-equity ratio of 2.08.

Several hedge funds have recently modified their holdings of HAIR. Royce & Associates LP raised its stake in shares of Restoration Robotics by 180.6% during the 3rd quarter. Royce & Associates LP now owns 982,000 shares of the company’s stock worth $2,848,000 after buying an additional 632,000 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Restoration Robotics by 173.2% in the 3rd quarter. Vanguard Group Inc now owns 864,368 shares of the company’s stock worth $2,507,000 after acquiring an additional 547,968 shares during the period. Vanguard Group Inc. grew its holdings in shares of Restoration Robotics by 173.2% in the 3rd quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock worth $2,507,000 after acquiring an additional 547,968 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Restoration Robotics in the 3rd quarter worth approximately $527,000. Finally, Blair William & Co. IL acquired a new stake in shares of Restoration Robotics in the 3rd quarter worth approximately $174,000. 27.83% of the stock is owned by institutional investors and hedge funds.

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About Restoration Robotics (NASDAQ:HAIR)

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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