Restoration Robotics (NASDAQ:HAIR) Downgraded to “Sell” at Zacks Investment Research

Restoration Robotics (NASDAQ:HAIR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday, Zacks.com reports.

According to Zacks, “Restoration Robotics Inc. is a medical device company. It engaged in developing and commercializing the ARTAS(R) Robotic Hair Restoration System. The company serves physicians and patients primarily in the United States. Restoration Robotics Inc. is based in San Jose, California. “

Separately, Maxim Group restated a “hold” rating on shares of Restoration Robotics in a report on Friday, August 16th.

Shares of HAIR traded down $0.02 on Friday, hitting $0.64. 124,947 shares of the stock traded hands, compared to its average volume of 567,488. The company has a market capitalization of $26.23 million, a PE ratio of -0.75 and a beta of 4.35. The company has a debt-to-equity ratio of 12.27, a quick ratio of 1.03 and a current ratio of 1.48. The business has a 50 day simple moving average of $0.66 and a 200 day simple moving average of $0.64. Restoration Robotics has a one year low of $0.35 and a one year high of $3.14.

Restoration Robotics (NASDAQ:HAIR) last issued its earnings results on Wednesday, August 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.04). Restoration Robotics had a negative return on equity of 1,908.92% and a negative net margin of 153.44%. The company had revenue of $2.93 million during the quarter, compared to analysts’ expectations of $6.97 million. On average, equities analysts expect that Restoration Robotics will post -0.66 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of HAIR. SG Americas Securities LLC boosted its holdings in Restoration Robotics by 136.8% in the first quarter. SG Americas Securities LLC now owns 671,424 shares of the company’s stock worth $396,000 after purchasing an additional 387,921 shares during the last quarter. Deutsche Bank AG purchased a new stake in Restoration Robotics in the fourth quarter worth approximately $91,000. Vanguard Group Inc. boosted its holdings in Restoration Robotics by 61.9% in the second quarter. Vanguard Group Inc. now owns 413,585 shares of the company’s stock worth $252,000 after purchasing an additional 158,193 shares during the last quarter. Finally, Granite Investment Partners LLC boosted its holdings in Restoration Robotics by 87.8% in the first quarter. Granite Investment Partners LLC now owns 175,780 shares of the company’s stock worth $103,000 after purchasing an additional 82,190 shares during the last quarter. Institutional investors own 17.69% of the company’s stock.

About Restoration Robotics

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.

Read More: How the Consumer Price Index (CPI) is calculated?

Get a free copy of the Zacks research report on Restoration Robotics (HAIR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Restoration Robotics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Robotics and related companies with MarketBeat.com's FREE daily email newsletter.