Symbotic (NASDAQ:SYM – Get Rating) issued its quarterly earnings results on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01, MarketWatch Earnings reports. Symbotic had a negative return on equity of 558.47% and a negative net margin of 10.08%.
Symbotic Stock Up 7.9 %
SYM opened at $10.77 on Wednesday. Symbotic has a 52-week low of $8.75 and a 52-week high of $28.48. The stock has a market capitalization of $595.80 million, a PE ratio of -1.01 and a beta of 1.24. The company’s 50 day simple moving average is $11.66.
Hedge Funds Weigh In On Symbotic
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Symbotic by 325.5% during the third quarter. BlackRock Inc. now owns 170,213 shares of the company’s stock valued at $1,958,000 after buying an additional 130,213 shares during the period. Vanguard Group Inc. bought a new stake in shares of Symbotic during the third quarter valued at approximately $1,523,000. JPMorgan Chase & Co. bought a new stake in shares of Symbotic during the second quarter valued at approximately $534,000. State Street Corp bought a new stake in shares of Symbotic during the third quarter valued at approximately $325,000. Finally, UBS Group AG bought a new stake in shares of Symbotic during the third quarter valued at approximately $224,000.
Analyst Upgrades and Downgrades
Symbotic Company Profile
Symbotic Inc, an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. It offers The Symbotic System, a full-service warehouse automation system that reduces costs, improves efficiency, and maximizes inventory. The company is based in Wilmington, Massachusetts.
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