Synergetics Usa Incorporated VP Michael Fanning Sells 2,290 Shares (SURG)
Synergetics Usa Incorporated (NASDAQ:SURG) VP Michael Fanning unloaded 2,290 shares of Synergetics Usa Incorporated stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $3.47, for a total transaction of $7,946.30. Following the sale, the vice president now directly owns 76,978 shares in the company, valued at approximately $267,114. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Synergetics Usa Incorporated (NASDAQ:SURG) traded up 1.71% during mid-day trading on Tuesday, hitting $3.56. The stock had a trading volume of 61,253 shares. Synergetics Usa Incorporated has a one year low of $2.88 and a one year high of $5.50. The stock’s 50-day moving average is $3.77 and its 200-day moving average is $4.0. The company has a market cap of $88.8 million and a P/E ratio of 41.18.
Synergetics Usa Incorporated (NASDAQ:SURG) last announced its earnings results on Monday, December 9th. The company reported $0.04 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.04. The company had revenue of $15.50 million for the quarter, compared to the consensus estimate of $15.73 million. During the same quarter last year, the company posted $0.05 earnings per share. Synergetics Usa Incorporated’s revenue was up 6.2% compared to the same quarter last year. Analysts expect that Synergetics Usa Incorporated will post $0.18 EPS for the current fiscal year.
SURG has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Synergetics Usa Incorporated from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 3rd. They now have a $4.20 price target on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $4.88.
Synergetics USA, Inc (NASDAQ:SURG) is a medical device company.
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