Insider Selling: Jerry Malis Sells 49,395 Shares of Synergetics Usa Incorporated Stock (SURG)
Synergetics Usa Incorporated (NASDAQ:SURG) EVP Jerry Malis unloaded 49,395 shares of Synergetics Usa Incorporated stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $4.50, for a total transaction of $222,277.50. Following the sale, the executive vice president now directly owns 444,805 shares in the company, valued at approximately $2,001,623. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Synergetics Usa Incorporated (NASDAQ:SURG) traded down 1.73% during mid-day trading on Tuesday, hitting $4.54. The stock had a trading volume of 59,091 shares. Synergetics Usa Incorporated has a one year low of $2.88 and a one year high of $5.50. The stock’s 50-day moving average is $4.21 and its 200-day moving average is $3.74. The company has a market cap of $114.8 million and a price-to-earnings ratio of 46.20.
Synergetics Usa Incorporated (NASDAQ:SURG) last issued its quarterly earnings data on Tuesday, October 1st. The company reported $0.06 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.06. The company had revenue of $17.90 million for the quarter, compared to the consensus estimate of $17.01 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Synergetics Usa Incorporated will post $0.18 earnings per share for the current fiscal year.
Separately, analysts at Wunderlich upgraded shares of Synergetics Usa Incorporated from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, July 17th. They now have a $5.80 price target on the stock, up previously from $5.50. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $4.78.
Synergetics USA, Inc (NASDAQ:SURG) is a medical device company.
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