The stock of Pro-Dex Inc (NASDAQ:PDEX) is a huge mover today! About 58,902 shares traded hands or 114.66% up from the average. Pro-Dex Inc (NASDAQ:PDEX) has risen 58.05% since March 7, 2016 and is uptrending. It has outperformed by 50.46% the S&P500.
The move comes after 6 months negative chart setup for the $22.18 million company. It was reported on Oct, 10 by Barchart.com. We have $4.37 PT which if reached, will make NASDAQ:PDEX worth $2.22M less.
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 Q2 2016. Its up 0.50, from 1.5 in 2016Q1. The ratio increased, 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 Limited Liability reported 1,400 shares or 0% of all its holdings. Blackrock Institutional Trust Na has 42 shares for 0% of their US portfolio. First Wilshire Secs Management last reported 0.03% of its portfolio in the stock. Bancorp Of America De last reported 0% of its portfolio in the stock. Thompson Davis & Incorporated holds 0.56% or 63,450 shares in its portfolio. Blackrock Fund has invested 0% of its portfolio in Pro-Dex Inc (NASDAQ:PDEX). Tower Llc (Trc) last reported 0% of its portfolio in the stock. Piper Jaffray And holds 973 shares or 0.02% of its portfolio.
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 Prnewswire.com with their article: “Pro-Dex, Inc. Announces Changes To Senior Management” published on January 13, 2015, Prnewswire.com published: “Pro-Dex, Inc. Announces Expansion Of Its Engineering Services Division” on January 15, 2015. More interesting news about Pro-Dex Inc (NASDAQ:PDEX) were released by: Prnewswire.com and their article: “Pro-Dex, Inc. Announces Acquisition Of Fineline Molds” published on February 04, 2015 as well as Prnewswire.com‘s news article titled: “Pro-Dex, Inc. Announces the Sale of Its Carson City, Nevada Property” with publication date: July 11, 2013.
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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