Insider Selling: Analogic Corp. Insider Unloads 4,875 Shares of Stock (ALOG)
Analogic Corp. (NASDAQ:ALOG) Insider Mervat Faltas sold 4,875 shares of the company’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $86.08, for a total transaction of $419,640.00. Following the completion of the sale, the insider now directly owns 8,487 shares of the company’s stock, valued at approximately $730,561. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Analogic Corp. (NASDAQ:ALOG) traded up 1.52% on Thursday, hitting $87.39. The stock had a trading volume of 69,017 shares. Analogic Corp. has a one year low of $66.05 and a one year high of $86.87. The stock has a 50-day moving average of $79.74 and a 200-day moving average of $77.14. The company has a market cap of $1.086 billion and a P/E ratio of 34.71.
Analogic Corp. (NASDAQ:ALOG) last released its 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. Shareholders 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 0.46%. The ex-dividend date is Tuesday, September 24th.
Separately, analysts at Benchmark Co. initiated coverage on shares of Analogic Corp. in a research note to investors on Tuesday, September 10th. They set a “buy” rating and a $89.00 price target on the stock.
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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