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Maxim Group lowered shares of Restoration Robotics (NASDAQ:HAIR) from a buy rating to a hold rating in a report issued on Friday, March 15th, The Fly reports.

HAIR has been the subject of several other research reports. Zacks Investment Research cut shares of Restoration Robotics from a hold rating to a strong sell rating in a research report on Wednesday, November 21st. Roth Capital reaffirmed a buy rating on shares of Restoration Robotics in a research note on Tuesday, February 5th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $2.65.

HAIR traded down $0.05 on Friday, reaching $0.66. The company’s stock had a trading volume of 720,954 shares, compared to its average volume of 2,126,637. Restoration Robotics has a 1 year low of $0.35 and a 1 year high of $7.85. The company has a debt-to-equity ratio of 12.27, a current ratio of 3.14 and a quick ratio of 3.72.

Restoration Robotics (NASDAQ:HAIR) last issued its earnings results 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 analyst estimates of $6.00 million. Restoration Robotics had a negative return on equity of 653.88% and a negative net margin of 130.83%. On average, equities research analysts anticipate that Restoration Robotics will post -0.64 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Blair William & Co. IL purchased a new position in Restoration Robotics in the third quarter valued at about $174,000. SG Americas Securities LLC increased its holdings in shares of Restoration Robotics by 55.9% in the 4th quarter. SG Americas Securities LLC now owns 283,503 shares of the company’s stock worth $123,000 after buying an additional 101,608 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 547,968 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of 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 purchasing an additional 547,968 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Restoration Robotics by 180.6% during the 3rd quarter. Royce & Associates LP now owns 982,000 shares of the company’s stock valued at $2,848,000 after buying an additional 632,000 shares during the period. Hedge funds and other institutional investors own 27.83% of the company’s stock.

About Restoration Robotics

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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