Cascade Microtech Director Eric Strid Sells 3,819 Shares (CSCD)
Cascade Microtech (NASDAQ:CSCD) Director Eric Strid sold 3,819 shares of Cascade Microtech stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $9.22, for a total value of $35,211.18. Following the completion of the transaction, the director now directly owns 467,523 shares in the company, valued at approximately $4,310,562. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Cascade Microtech (NASDAQ:CSCD) traded up 0.11% during mid-day trading on Friday, hitting $9.31. The stock had a trading volume of 7,889 shares. Cascade Microtech has a 1-year low of $5.81 and a 1-year high of $11.20. The stock’s 50-day moving average is $9.87 and its 200-day moving average is $8.7. The company has a market cap of $150.4 million and a P/E ratio of 22.14.
Cascade Microtech (NASDAQ:CSCD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.03. The company had revenue of $28.20 million for the quarter, compared to the consensus estimate of $30.00 million.
Separately, analysts at Canaccord Genuity raised their price target on shares of Cascade Microtech from $9.00 to $12.00 in a research note to investors on Thursday, October 31st. They now have a “buy” rating on the stock.
Cascade Microtech, Inc designs, develops, manufactures and markets wafer probing and test socket solutions for the electrical measurement and testing of chips.
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