Synergetics Usa Incorporated VP Michael Fanning Sells 4,000 Shares (SURG)
Synergetics Usa Incorporated (NASDAQ:SURG) VP Michael Fanning sold 4,000 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $4.67, for a total transaction of $18,680.00. Following the transaction, the vice president now directly owns 79,268 shares of the company’s stock, valued at approximately $370,182. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Synergetics Usa Incorporated from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $4.50 price target on the stock. 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Synergetics Usa Incorporated presently has an average rating of “Hold” and an average target price of $4.95.
Synergetics Usa Incorporated (NASDAQ:SURG) traded down 1.68% during mid-day trading on Friday, hitting $4.67. 118,378 shares of the company’s stock traded hands. Synergetics Usa Incorporated has a 52 week low of $2.88 and a 52 week high of $5.50. The stock’s 50-day moving average is $4.26 and its 200-day moving average is $3.76. The company has a market cap of $118.1 million and a price-to-earnings ratio of 47.50.
Synergetics Usa Incorporated (NASDAQ:SURG) last posted its quarterly earnings results on Tuesday, October 1st. The company reported $0.06 EPS for the quarter, meeting the Thomson Reuters 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. Analysts expect that Synergetics Usa Incorporated will post $0.19 EPS for the current fiscal year.
Synergetics USA, Inc (NASDAQ:SURG) is a medical device company.
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