Ascendiant Capital Markets Reiterates Buy Rating for Pro-Dex, Inc. (NASDAQ:PDEX)

Ascendiant Capital Markets reissued their buy rating on shares of Pro-Dex, Inc. (NASDAQ:PDEX) in a research report sent to investors on Friday, September 8th. The firm currently has a $9.00 price target on the medical instruments supplier’s stock, up from their previous price target of $8.00.

Pro-Dex (PDEX) traded up 4.20% during mid-day trading on Friday, hitting $7.45. The stock had a trading volume of 21,204 shares. Pro-Dex has a 1-year low of $3.80 and a 1-year high of $7.90. The company has a market cap of $29.99 million, a P/E ratio of 5.96 and a beta of -0.42. The company has a 50-day moving average price of $6.63 and a 200 day moving average price of $5.65.

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Pro-Dex Company Profile

Pro-Dex, Inc (Pro-Dex) designs and produces surgical and dental instruments and motion control products used in the medical, factory automation and scientific research industries. The Company operates through four segments: 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.

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