Insider Selling: Richard C. Coggins Sells 2,061 Shares of Span-America Medical Stock (SPAN)
Span-America Medical (NASDAQ:SPAN) CFO Richard C. Coggins sold 2,061 shares of the company’s stock on the open market in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $20.08, for a total value of $41,384.88. Following the completion of the sale, the chief financial officer now directly owns 43,223 shares in the company, valued at approximately $867,918. The transaction was disclosed in a filing with the SEC, which is available at this link.
Span-America Medical (NASDAQ:SPAN) traded down 1.49% during mid-day trading on Monday, hitting $19.79. 6,233 shares of the company’s stock traded hands. Span-America Medical has a one year low of $17.80 and a one year high of $23.73. The stock’s 50-day moving average is $20.8 and its 200-day moving average is $20.38. The company has a market cap of $57.9 million and a price-to-earnings ratio of 13.85.
Span-America Medical (NASDAQ:SPAN) last released its earnings data on Wednesday, January 29th. The company reported $0.22 earnings per share (EPS) for the quarter. Analysts expect that Span-America Medical will post $1.35 EPS for the current fiscal year.
Separately, analysts at Sidoti initiated coverage on shares of Span-America Medical in a research note to investors on Monday, November 18th. They set a “buy” rating on the stock.
Span-America Medical Systems, Inc manufactures and distributes a variety of therapeutic support surfaces and related products utilizing polyurethane and other foam products for the medical, consumer and industrial markets.
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