Home / Market Movers / Perceptron Inc. (PRCP) Leads Tech Stocks with 3.18% at Midday on September 22

Perceptron Inc. (PRCP) Leads Tech Stocks with 3.18% at Midday on September 22

Perceptron Inc. (PRCP) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of PRCP have risen 3.18% to $6.81 after closing the day prior at $6.6. In the first two and a half hours of trading, the stock has gone as high as $6.81 and as low as $6.66. Today’s rise has come with about 2,036 shares changing hands, compared to an average 30-day volume of 15,278 for Perceptron Inc.. The price is currently below the 30-day volume weighted average price of $6.72 for PRCP.

The share appreciation gives the company a market capitalization of $61.85 million based upon 9.37 million shares outstanding. It also means that PRCP has a price-to-book ratio of 1.6:1.

In the past 52 weeks, shares of PRCP have traded as low as $4.18 and as high as $9.26. Technical traders will take note that at $6.81, shares of PRCP are trading above their 200-day MA at $5.69 and above their 50-day MA at $5.92. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is PRCP?

Perceptron Inc develops, produces and sells automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and 3D scanning. The company’s 323 employees are led by CEO W. Richard Marz from the corporate headquarters at 47827 Halyard Drive in Plymouth, MI.


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