Insider Selling: Ronald Frost Sells 2,325 Shares of Merit Medical Systems Stock (MMSI)
Merit Medical Systems (NASDAQ:MMSI) COO Ronald Frost sold 2,325 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $14.07, for a total transaction of $32,712.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Merit Medical Systems (NASDAQ:MMSI) traded up 0.72% on Thursday, hitting $14.08. The stock had a trading volume of 251,587 shares. Merit Medical Systems has a 1-year low of $10.27 and a 1-year high of $17.08. The stock’s 50-day moving average is $13.51 and its 200-day moving average is $14.65. The company has a market cap of $605.0 million and a P/E ratio of 31.85.
Merit Medical Systems (NASDAQ:MMSI) last released its earnings data on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $0.01. The company had revenue of $119.20 million for the quarter, compared to the consensus estimate of $114.54 million. During the same quarter last year, the company posted $0.10 earnings per share. Merit Medical Systems’s revenue was up 14.7% compared to the same quarter last year. Analysts expect that Merit Medical Systems will post $0.76 EPS for the current fiscal year.
Merit Medical Systems, Inc (NASDAQ:MMSI) designs, develops, manufactures and markets medical devices used in interventional and diagnostic procedures.
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