Exfo Inc (NASDAQ:EXFO) (TSE:EXF) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 9,300 shares, a growth of 17.7% from the February 13th total of 7,900 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 60,900 shares, the days-to-cover ratio is currently 0.2 days.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its position in Exfo by 0.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,119,578 shares of the communications equipment provider’s stock valued at $5,177,000 after buying an additional 7,738 shares during the last quarter. Essex Investment Management Co. LLC raised its position in Exfo by 4.8% in the 4th quarter. Essex Investment Management Co. LLC now owns 371,198 shares of the communications equipment provider’s stock valued at $1,716,000 after buying an additional 17,146 shares during the last quarter. Fiera Capital Corp raised its position in Exfo by 12.7% in the 4th quarter. Fiera Capital Corp now owns 354,600 shares of the communications equipment provider’s stock valued at $1,639,000 after buying an additional 40,000 shares during the last quarter. Finally, FIL Ltd purchased a new stake in Exfo in the 4th quarter valued at $604,000. 10.19% of the stock is owned by institutional investors and hedge funds.
NASDAQ EXFO opened at $2.69 on Monday. The firm has a market capitalization of $143.87 million, a P/E ratio of 29.89 and a beta of 1.22. The business has a fifty day simple moving average of $3.77 and a 200 day simple moving average of $4.03. Exfo has a 12 month low of $2.48 and a 12 month high of $4.97. The company has a current ratio of 1.42, a quick ratio of 0.96 and a debt-to-equity ratio of 0.02.
Exfo (NASDAQ:EXFO) (TSE:EXF) last released its quarterly earnings results on Tuesday, January 7th. The communications equipment provider reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $73.55 million during the quarter, compared to analyst estimates of $71.25 million. Exfo had a return on equity of 6.28% and a net margin of 1.69%. As a group, sell-side analysts predict that Exfo will post 0.22 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on EXFO shares. Canaccord Genuity reaffirmed a “hold” rating and set a $4.00 target price on shares of Exfo in a research report on Tuesday, February 25th. CIBC reaffirmed a “hold” rating and set a $5.00 target price on shares of Exfo in a research report on Wednesday, January 8th. BidaskClub raised Exfo from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. ValuEngine raised Exfo from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. Finally, Zacks Investment Research raised Exfo from a “sell” rating to a “hold” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Exfo presently has a consensus rating of “Hold” and a consensus price target of $4.54.
About Exfo
EXFO Inc develops, manufactures, and markets smarter network test, monitoring, and analytics solutions for communications service providers, network equipment manufacturers, and Web-scale operators. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, live fiber detection, network protocol testing, optical power and loss testing, ORL tester, optical time domain reflectometry and iOLM, spectral testing, test function virtualization, and test reporting and automation products, as well as modular test platforms.
