Insider Selling: Martin Stephens Sells 32,500 Shares of Merit Medical Systems Stock (MMSI)
Merit Medical Systems (NASDAQ:MMSI) VP Martin Stephens unloaded 32,500 shares of Merit Medical Systems stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $16.64, for a total value of $540,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Merit Medical Systems (NASDAQ:MMSI) traded up 0.61% during mid-day trading on Tuesday, hitting $16.40. 238,369 shares of the company’s stock traded hands. Merit Medical Systems has a 1-year low of $9.15 and a 1-year high of $15.30. The stock’s 50-day moving average is $13.27 and its 200-day moving average is $11.80. The company has a market cap of $698.6 million and a P/E ratio of 67.63.
Merit Medical Systems (NASDAQ:MMSI) last released its earnings data on Wednesday, October 23rd. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.12. The company had revenue of $115.20 million for the quarter, compared to the consensus estimate of $109.72 million. During the same quarter last year, the company posted $0.20 earnings per share. Merit Medical Systems’s revenue was up 20.1% compared to the same quarter last year. On average, analysts predict that Merit Medical Systems will post $0.67 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MMSI shares. Analysts at Zacks upgraded shares of Merit Medical Systems from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 24th. They now have a $14.80 price target on the stock. Analysts at Raymond James upgraded shares of Merit Medical Systems from an “outperform” rating to a “strong-buy” rating in a research note to investors on Wednesday, October 2nd. They now have a $16.00 price target on the stock.
Merit Medical Systems, Inc (NASDAQ:MMSI) designs, develops, manufactures and markets medical devices used in interventional and diagnostic procedures.
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.