Insider Selling: Analogic Corp. Insider Sells 1,905 Shares of Stock (ALOG)
Analogic Corp. (NASDAQ:ALOG) Insider Mervat Faltas unloaded 1,905 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $87.40, for a total value of $166,497.00. Following the completion of the sale, the insider now directly owns 8,185 shares of the company’s stock, valued at approximately $715,369. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Analogic Corp. (NASDAQ:ALOG) traded up 0.89% during mid-day trading on Friday, hitting $88.17. The stock had a trading volume of 107,241 shares. Analogic Corp. has a one year low of $66.05 and a one year high of $88.47. The stock’s 50-day moving average is $80.54 and its 200-day moving average is $77.27. The company has a market cap of $1.095 billion and a P/E ratio of 35.24.
Analogic Corp. (NASDAQ:ALOG) last announced its earnings results on Thursday, September 12th. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts expect that Analogic Corp. will post $4.61 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.