Pro-Dex Inc (NASDAQ:PDEX) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.00 and last traded at $15.44, with a volume of 37300 shares traded. The stock had previously closed at $15.25.
Separately, ValuEngine upgraded shares of Pro-Dex from a “hold” rating to a “buy” rating in a research report on Monday, February 4th.
The stock has a market capitalization of $61.44 million, a PE ratio of 27.98 and a beta of 1.02. The company has a current ratio of 7.78, a quick ratio of 6.08 and a debt-to-equity ratio of 0.25.
Several institutional investors and hedge funds have recently made changes to their positions in PDEX. FNY Investment Advisers LLC acquired a new stake in shares of Pro-Dex during the fourth quarter valued at about $131,000. BlackRock Inc. increased its position in shares of Pro-Dex by 49.2% during the fourth quarter. BlackRock Inc. now owns 12,369 shares of the medical instruments supplier’s stock valued at $150,000 after acquiring an additional 4,078 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Pro-Dex during the fourth quarter valued at about $183,000. Acadian Asset Management LLC increased its position in shares of Pro-Dex by 42.6% during the fourth quarter. Acadian Asset Management LLC now owns 41,313 shares of the medical instruments supplier’s stock valued at $499,000 after acquiring an additional 12,337 shares during the last quarter. Finally, Vanguard Group Inc increased its position in shares of Pro-Dex by 50.8% during the third quarter. Vanguard Group Inc now owns 49,399 shares of the medical instruments supplier’s stock valued at $514,000 after acquiring an additional 16,644 shares during the last quarter. Institutional investors and hedge funds own 11.46% of the company’s stock.
Pro-Dex Company Profile (NASDAQ:PDEX)
Pro-Dex, Inc, together with its subsidiaries, designs, develops, and manufactures powered surgical instruments, dental instruments, and rotary air motors worldwide. It also manufactures plastic injection molds for various industries; and shavers and machined parts. In addition, it provides engineering, and quality and regulatory consulting services.
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