Hanger Inc Hits New 52-Week High at $39.87 (HGR)
Shares of Hanger (NYSE:HGR) hit a new 52-week high during mid-day trading on Tuesday, AnalystRatingsNetwork.com reports. The stock traded as high as $39.87 and last traded at $39.75, with a volume of 61,831 shares trading hands. The stock had previously closed at $39.31.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hanger in a research note to investors on Thursday, October 31st. They now have a $39.00 price target on the stock.
In other Hanger news, Director Eric Green sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $38.58, for a total value of $173,610.00. Following the completion of the sale, the director now directly owns 69,141 shares of the company’s stock, valued at approximately $2,667,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Hanger has a 1-year low of $27.26 and a 1-year high of $39.88. The stock’s 50-day moving average is $38.76 and its 200-day moving average is $35.24. The company has a market cap of $1.389 billion and a price-to-earnings ratio of 21.16.
Hanger (NYSE:HGR) last released its earnings data on Wednesday, October 30th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.04. The company had revenue of $271.10 million for the quarter, compared to the consensus estimate of $270.42 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Analysts expect that Hanger will post $2.10 EPS for the current fiscal year.
Hanger, Inc, formerly Hanger Orthopedic Group, Inc, is a provider of services and products that enhance human physical capabilities.
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.