Merit Medical Systems Director Sells $615,375 in Stock (MMSI)
Merit Medical Systems (NASDAQ:MMSI) Director Michael Stillabower unloaded 37,500 shares of the stock on the open market in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $16.41, for a total value of $615,375.00. Following the transaction, the director now directly owns 27,778 shares of the company’s stock, valued at approximately $455,837. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Merit Medical Systems (NASDAQ:MMSI) traded down 0.67% during mid-day trading on Wednesday, hitting $16.29. 276,914 shares of the company’s stock traded hands. Merit Medical Systems has a one year low of $9.15 and a one year high of $15.30. The stock has a 50-day moving average of $13.27 and a 200-day moving average of $11.80. The company has a market cap of $693.9 million and a price-to-earnings ratio of 68.05.
Merit Medical Systems (NASDAQ:MMSI) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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 in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. 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.
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