CyberOptics (CYBE): @+220% YTD is an Equities 2016 Champ
Destiny A. Lopez, www.equities.com | Tuesday, 04 October 2016 16:55 (EST)
CyberOptics (CYBE), a technology company, has been named by Barchart as one of the company’s with a high YTD percentage change. Listed in the top 100, the company’s year to date percentage change listed an impressive +220.78%.
Headquartered in Minneapolis, Minnesota, CyberOptics is a developer and manufacturer of high precision sensing technology solutions. Manufacturing 3D and 2D optical sensors for use in its own proprietary SMT inspection systems and for sale to original equipment manufacturers, the company’s Advanced 3D Sensor with Multi-reflection Suppression (MRS) proved to be a breakthrough in the sector.
Through its facilities in North America, Asia and Europe, CyberOptics has the ability to conduct business throughout the world.
Last month proved to be eventful for the company. On September 28, CyberOptics, as reported by QuoteMedia, reached a new 52-week high of $25.13, trading between a low of $5.86 and a high of $25.11. With the new trading price, the company traded 329% above its low.
The price increase occurred the same day that the company revealed its latest milestone development. The company’s SQ3000™ 3D Automated Optical Inspection (AOI) system was awarded a 2016 Global Technology Award during SMTA International. The 4th award bestowed on the technology, the SQ3000™ 3D AOI system, as stated on the company’s official website, maximizes ROI and line utilization with multi-view 3D sensors that capture and transmit data simultaneously, and in parallel, accelerating 3D inspection speed versus alternate technology.
“We are delighted to be honored with a 4th award for our SQ3000 with proprietary MRS technology. I am very proud of our team — rich in technical expertise, algorithm expertise and a strong drive to continue to innovate,” said Dr. Subodh Kulkarni, President and CEO of CyberOptics. “Delivering significant value to our customers in terms of yield and productivity improvements is what continues to drive our commitment to technology leadership.”
Furthermore, the company’s SQ3000™ 3D Automated Optical Inspection system was exhibited and demonstrated at productronica India, which took place September 21-23.
With a solid YTD performance and an innovative and award-winning technology under its belt, CyberOptics is positioned to continue to remain at the forefront of the sensing technology solutions sector.
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