Insider Buying: William M. Moore Buys 5,000 Shares of IRIDEX Stock (IRIX)
IRIDEX (NASDAQ:IRIX) CEO William M. Moore purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average cost of $8.48 per share, with a total value of $42,400.00. Following the completion of the transaction, the chief executive officer now directly owns 82,396 shares in the company, valued at approximately $698,718. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of IRIDEX (NASDAQ:IRIX) opened at 8.51 on Friday. IRIDEX has a one year low of $5.10 and a one year high of $11.00. The stock’s 50-day moving average is $8.63 and its 200-day moving average is $9.06. The company has a market cap of $84.7 million and a price-to-earnings ratio of 46.76.
IRIDEX (NASDAQ:IRIX) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $10.30 million for the quarter, compared to the consensus estimate of $8.90 million. Analysts expect that IRIDEX will post $0.20 EPS for the current fiscal year.
IRIDEX Corporation is a worldwide provider of therapeutic based laser systems, delivery devices and consumable instrumentation used to treat eye diseases in ophthalmology.
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