Insider Selling: Jerry Malis Unloads 40,000 Shares of Synergetics Usa Incorporated Stock (SURG)
Synergetics Usa Incorporated (NASDAQ:SURG) EVP Jerry Malis sold 40,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $4.55, for a total transaction of $182,000.00. Following the completion of the sale, the executive vice president now directly owns 354,200 shares in the company, valued at approximately $1,611,610. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Synergetics Usa Incorporated (NASDAQ:SURG) traded up 0.66% during mid-day trading on Wednesday, hitting $4.60. The stock had a trading volume of 69,809 shares. Synergetics Usa Incorporated has a one year low of $2.88 and a one year high of $5.50. The stock has a 50-day moving average of $4.31 and a 200-day moving average of $3.79. The company has a market cap of $116.3 million and a price-to-earnings ratio of 45.70.
Synergetics Usa Incorporated (NASDAQ:SURG) last released its earnings data 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 previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter 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.
Separately, 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, October 11th. They now have a $4.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $4.95.
Synergetics USA, Inc (NASDAQ:SURG) is a medical device company.
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