Price Action to Note: Is Buying Stock Like Pro-Dex Inc After Such Increase Winning Strategy?

Price Action to Note: Is Buying Stock Like Pro Dex Inc After Such Increase Winning Strategy?

The stock of Pro-Dex Inc (NASDAQ:PDEX) is a huge mover today! About 66,397 shares traded hands or 137.45% up from the average. Pro-Dex Inc (NASDAQ:PDEX) has risen 42.15% since March 4, 2016 and is uptrending. It has outperformed by 34.11% the S&P500.
The move comes after 7 months positive chart setup for the $22.17 million company. It was reported on Oct, 7 by Barchart.com. We have $14.46 PT which if reached, will make NASDAQ:PDEX worth $40.79 million more.

According to Zacks Investment Research, “Pro-Dex Inc., with operations in Santa Ana, California, Beaverton, Oregon and Carson City Nevada, specializes in bringing speed to market in the development and manufacture of technology-based solutions that incorporate embedded motion control, miniature rotary drive systems and fractional horsepower DC motors, serving the medical, dental, semi-conductor, scientific research and aerospace markets. Pro-Dex’s products are found in hospitals, dental offices, medical engineering labs, scientific research facilities, commercial and military aircraft, and high tech manufacturing operations globally.”

Insitutional Activity: The institutional sentiment increased to 2 in 2016 Q2. Its up 0.50, from 1.5 in 2016Q1. The ratio improved, as 3 funds sold all Pro-Dex Inc shares owned while 0 reduced positions. 4 funds bought stakes while 2 increased positions. They now own 81,212 shares or 38.55% less from 132,150 shares in 2016Q1.
Walleye Trading Ltd Liability accumulated 0% or 1,400 shares. Thompson Davis reported 63,450 shares or 0.56% of all its holdings. First Wilshire Securities Mgmt has 0.03% invested in the company for 14,000 shares. State Bank Of America Corporation De holds 0% or 115 shares in its portfolio. Piper Jaffray & holds 973 shares or 0.02% of its portfolio. Blackrock Fund Advisors last reported 556 shares in the company. Tower Research Capital Limited Liability (Trc) holds 0% of its portfolio in Pro-Dex Inc (NASDAQ:PDEX) for 676 shares. The California-based Blackrock Institutional Trust Na has invested 0% in Pro-Dex Inc (NASDAQ:PDEX).

More notable recent Pro-Dex Inc (NASDAQ:PDEX) news were published by: Marketwatch.com which released: “Pro-Dex Inc. NASDAQ: PDEX” on July 19, 2009, also Finance.Yahoo.com with their article: “Pro-Dex, Inc. Announces Fiscal 2016 Fourth Quarter and Full-Year Results” published on September 15, 2016, Prnewswire.com published: “Pro-Dex, Inc. Announces Changes To Senior Management” on January 13, 2015. More interesting news about Pro-Dex Inc (NASDAQ:PDEX) were released by: Prnewswire.com and their article: “Pro-Dex, Inc. Announces Expansion Of Its Engineering Services Division” published on January 15, 2015 as well as Prnewswire.com‘s news article titled: “Pro-Dex, Inc. Announces Acquisition Of Fineline Molds” with publication date: February 04, 2015.

PDEX Company Profile

Pro-Dex, Inc. (Pro-Dex), incorporated on March 6, 2002, creates and produces surgical and dental instruments and motion control products used in the medical, factory automation and scientific research industries. The Firm operates through four divisions: Pro-Dex, OMS, Fineline and Engineering Services Division (ESD). The Pro-Dex segment provides primarily medical and dental instruments using shared production and assembly machines and workforce. The OMS segment is engaged in providing multi-axis motion control applications. The Fineline segment makes plastic injection molds for various industries. The ESD segment provides permanent placement and contract services in the fields of engineering, manufacturing and quality to diverse businesses.

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