Insider Selling: Denis Brown Unloads 1,400 Shares of American Science & Engineering Stock (ASEI)
American Science & Engineering (NASDAQ:ASEI) Director Denis Brown unloaded 1,400 shares of American Science & Engineering stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $56.60, for a total transaction of $79,240.00. Following the sale, the director now directly owns 8,155 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Benchmark Co. cut their price target on shares of American Science & Engineering (NASDAQ:ASEI) from $60.00 to $54.00 in a research note to investors on Tuesday, August 6th. They now have a “hold” rating on the stock. Analysts at Zacks upgraded shares of American Science & Engineering (NASDAQ:ASEI) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, July 11th. They now have a $61.70 price target on the stock.
American Science & Engineering (NASDAQ:ASEI) traded down 0.26% during mid-day trading on Monday, hitting $56.63. The stock had a trading volume of 19,736 shares. American Science & Engineering has a 1-year low of $55.28 and a 1-year high of $70.00. The stock has a 50-day moving average of $59.07 and a 200-day moving average of $60.15. The company has a market cap of $444.1 million and a price-to-earnings ratio of 25.58.
American Science & Engineering (NASDAQ:ASEI) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.02. The company had revenue of $43.08 million for the quarter, compared to the consensus estimate of $43.65 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was down 8.9% on a year-over-year basis. On average, analysts predict that American Science & Engineering will post $2.24 earnings per share for the current fiscal year.
American Science and Engineering, Inc (NASDAQ:ASEI) develops, manufactures, markets, and sells X-ray inspection and other detection products for homeland security, force protection and other critical defense applications.
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