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Restoration Robotics Inc (NASDAQ:HAIR)’s share price dropped 6% on Tuesday . The stock traded as low as $0.80 and last traded at $0.80. Approximately 1,075,669 shares changed hands during trading, a decline of 50% from the average daily volume of 2,161,158 shares. The stock had previously closed at $0.85.

HAIR has been the topic of several analyst reports. Maxim Group reissued a “buy” rating and set a $6.00 target price on shares of Restoration Robotics in a research report on Tuesday, January 8th. Roth Capital reissued a “buy” rating on shares of Restoration Robotics in a research report on Tuesday, February 5th. Zacks Investment Research raised Restoration Robotics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, William Blair downgraded Restoration Robotics from an “outperform” rating to a “market perform” rating and set a $0.86 target price on the stock. in a research report on Monday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $2.65.

The company has a current ratio of 4.24, a quick ratio of 3.72 and a debt-to-equity ratio of 2.08.

Restoration Robotics (NASDAQ:HAIR) last announced its quarterly earnings data on Friday, March 15th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.03). The business had revenue of $6.66 million during the quarter, compared to the consensus estimate of $6.00 million. Restoration Robotics had a negative net margin of 130.83% and a negative return on equity of 538.93%. On average, equities analysts forecast that Restoration Robotics Inc will post -0.64 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in HAIR. SG Americas Securities LLC grew its position in Restoration Robotics by 55.9% in the 4th quarter. SG Americas Securities LLC now owns 283,503 shares of the company’s stock valued at $123,000 after acquiring an additional 101,608 shares during the last quarter. Blair William & Co. IL bought a new position in Restoration Robotics in the 3rd quarter valued at $174,000. Vanguard Group Inc grew its position in Restoration Robotics by 173.2% in the 3rd quarter. Vanguard Group Inc now owns 864,368 shares of the company’s stock valued at $2,507,000 after acquiring an additional 547,968 shares during the last quarter. Vanguard Group Inc. grew its position in Restoration Robotics by 173.2% in the 3rd quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock valued at $2,507,000 after acquiring an additional 547,968 shares during the last quarter. Finally, Royce & Associates LP grew its position in Restoration Robotics by 180.6% in the 3rd quarter. Royce & Associates LP now owns 982,000 shares of the company’s stock valued at $2,848,000 after acquiring an additional 632,000 shares during the last quarter. 27.83% of the stock is currently owned by institutional investors.

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About Restoration Robotics (NASDAQ:HAIR)

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.

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