Mercury Systems CAO Sells $27,484 in Stock (MRCY)
Mercury Systems (NASDAQ:MRCY) CAO Charles Speicher sold 3,007 shares of Mercury Systems stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $9.14, for a total value of $27,483.98. Following the completion of the sale, the chief accounting officer now directly owns 56,742 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on MRCY shares. Analysts at TheStreet downgraded shares of Mercury Systems (NASDAQ:MRCY) from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, August 21st. Analysts at Jefferies Group raised their price target on shares of Mercury Systems (NASDAQ:MRCY) from $7.00 to $9.00 in a research note to investors on Wednesday, August 7th. They now have a “hold” rating on the stock.
Mercury Systems (NASDAQ:MRCY) traded up 0.33% during mid-day trading on Wednesday, hitting $9.26. The stock had a trading volume of 166,906 shares. Mercury Systems has a 1-year low of $6.76 and a 1-year high of $10.94. The stock’s 50-day moving average is $9.16 and its 200-day moving average is $8.79. The company’s market cap is $299.9 million.
Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, August 6th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.09. The company had revenue of $55.40 million for the quarter, compared to the consensus estimate of $52.41 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was down 8.9% on a year-over-year basis. On average, analysts predict that Mercury Systems will post $-0.23 earnings per share for the current fiscal year.
Mercury Systems, Inc, formerly Mercury Computer Systems, Inc, designs, manufactures and markets real-time digital signal and images processing sub-systems and software for specialized defense and commercial markets.
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