What’s Next for CyberOptics Corporation After Reaching 52-Week High?
The stock of CyberOptics Corporation (NASDAQ:CYBE) hit a new 52-week high and has $39.84 target or 117.00% above today’s $18.36 share price. The 7 months bullish chart indicates low risk for the $128.09 million company. The 1-year high was reported on Jul, 20 by Barchart.com. If the $39.84 price target is reached, the company will be worth $149.87M more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.23% or $0.4 on July 19, hitting $18.36. About 73,038 shares traded hands or 43.65% up from the average. CyberOptics Corporation (NASDAQ:CYBE) has risen 155.71% since December 11, 2015 and is uptrending. It has outperformed by 150.12% the S&P500.
Analysts await CyberOptics Corporation (NASDAQ:CYBE) to report earnings on August, 3.
According to Zacks Investment Research, “CyberOptics Corporation is a leading provider of sensors and inspection systems that provide process yield and through-put improvement solutions for the global electronic assembly and semiconductor capital equipment markets. The Company’s products are deployed on production lines that manufacture surface mount technology circuit boards and semiconductor process equipment. By increasing productivity and product quality, our sensors and inspection systems enable electronics manufacturers to strengthen their competitive positions in highly price-sensitive markets. Headquartered in Minneapolis, Minnesota, they conduct worldwide operations through facilities in North America, Asia and Europe.”
The institutional sentiment increased to 1 in 2016 Q1. Its up 0.55, from 0.45 in 2015Q4. The ratio increased, as 2 funds sold all CyberOptics Corporation shares owned while 5 reduced positions. 1 funds bought stakes while 6 increased positions. They now own 2.53 million shares or 4.35% less from 2.64 million shares in 2015Q4.
Penbrook Management Llc holds 1.27% of its portfolio in CyberOptics Corporation for 124,100 shares. Heartland Advisors Inc owns 469,000 shares or 0.23% of their US portfolio. Moreover, White Pine Capital Llc has 0.22% invested in the company for 55,850 shares. The Illinois-based Perritt Capital Management Inc has invested 0.1% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 118,200 shares.