GSI Group VP Deborah Mulryan Unloads 16,244 Shares (GSIG)
GSI Group (NASDAQ:GSIG) VP Deborah Mulryan sold 16,244 shares of GSI Group stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $12.50, for a total value of $203,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
GSI Group (NASDAQ:GSIG) traded up 0.23% on Tuesday, hitting $12.97. The stock had a trading volume of 15,997 shares. GSI Group has a 52-week low of $7.98 and a 52-week high of $13.71. The stock’s 50-day moving average is $12.72 and its 200-day moving average is $11.55. The company has a market cap of $443.4 million and a P/E ratio of 71.49.
GSI Group (NASDAQ:GSIG) last announced its earnings results on Tuesday, May 6th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.05. The company had revenue of $79.13 million for the quarter, compared to the consensus estimate of $75.63 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that GSI Group will post $0.74 earnings per share for the current fiscal year.
Separately, analysts at Singular Research raised their price target on shares of GSI Group from $13.00 to $15.00 in a research note on Friday, March 14th. They now have a “buy” rating on the stock.
GSI Group Inc designs, develops, manufactures and sells laser-based solutions, laser scanning devices, and precision motion and optical control technologies.
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