Analogic Corp. CEO Unloads $548,574 in Stock (ALOG)
Analogic Corp. (NASDAQ:ALOG) CEO James Green unloaded 6,760 shares of Analogic Corp. stock on the open market in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $81.15, for a total value of $548,574.00. Following the transaction, the chief executive officer now directly owns 37,821 shares in the company, valued at approximately $3,069,174. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Benchmark Co. initiated coverage on shares of Analogic Corp. (NASDAQ:ALOG) in a research note to investors on Tuesday, September 10th. They set a “buy” rating and a $89.00 price target on the stock.
Shares of Analogic Corp. (NASDAQ:ALOG) traded down 0.23% on Wednesday, hitting $80.86. The stock had a trading volume of 39,136 shares. Analogic Corp. has a one year low of $66.05 and a one year high of $84.71. The stock’s 50-day moving average is $76.85 and its 200-day moving average is $76.70. The company has a market cap of $990.4 million and a P/E ratio of 32.68.
Analogic Corp. (NASDAQ:ALOG) last posted its quarterly earnings results on Thursday, September 12th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.52. The company had revenue of $166.20 million for the quarter, compared to the consensus estimate of $164.20 million. During the same quarter last year, the company posted $1.32 earnings per share. Analogic Corp.’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that Analogic Corp. will post $4.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 10th. Stockholders of record on Thursday, September 26th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Tuesday, September 24th.
Analogic Corporation (NASDAQ:ALOG) is a technology company that designs and manufactures advanced medical imaging and security systems and subsystems sold to Original Equipment Manufacturers (OEMs) and end users primarily in the healthcare and airport security markets.
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