LRAD Corp (NASDAQ:LRAD) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.02 and traded as high as $5.40. LRAD shares last traded at $5.27, with a volume of 144,542 shares.
The company has a market capitalization of $166.56 million, a P/E ratio of -85.17 and a beta of 0.29. The firm’s 50 day moving average price is $4.52 and its two-hundred day moving average price is $4.04.
A hedge fund recently bought a new stake in LRAD stock. Marshall Wace LLP bought a new position in shares of LRAD Corp (NASDAQ:LRAD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,164 shares of the scientific and technical instruments company’s stock, valued at approximately $35,000. Hedge funds and other institutional investors own 49.62% of the company’s stock.
LRAD Corporation designs, develops, and commercializes directed sound technologies and products in North and South America, Europe, the Middle East, Africa, and Asia. It develops directed acoustic communication systems that focus sound over short and long distances. The company offers directional and omnidirectional acoustic systems and accessories.
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