Analogic Corp. Hits New 52-Week High at $85.29 (ALOG)
Shares of Analogic Corp. (NASDAQ:ALOG) hit a new 52-week high on Wednesday, AR Network reports. The company traded as high as $85.29 and last traded at $84.67, with a volume of 66,725 shares trading hands. The stock had previously closed at $83.04.
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.
In other Analogic Corp. news, CEO James Green sold 6,760 shares of Analogic Corp. stock on the open market in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $81.15, for a total value of $548,574.00. Following the completion of the sale, the chief executive officer now directly owns 37,821 shares of the company’s stock, valued at approximately $3,069,174. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Analogic Corp. has a 52-week low of $66.05 and a 52-week high of $85.29. The stock’s 50-day moving average is $78.15 and its 200-day moving average is $76.88. The company has a market cap of $1.030 billion and a P/E ratio of 33.48.
Analogic Corp. (NASDAQ:ALOG) last issued its quarterly earnings data 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 in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts predict that Analogic Corp. will post $4.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 10th. Stockholders of record on Thursday, September 26th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. The ex-dividend date 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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