Insider Selling: MOCON CEO Sells 3,000 Shares of Stock (MOCO)
MOCON (NASDAQ:MOCO) CEO Robert L. Demorest sold 3,000 shares of the company’s stock on the open market in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $15.00, for a total value of $45,000.00. Following the sale, the chief executive officer now directly owns 208,844 shares in the company, valued at approximately $3,132,660. The sale was disclosed in a document filed with the SEC, which is available at this link.
MOCON (NASDAQ:MOCO) opened at 15.211 on Friday. MOCON has a 52 week low of $13.25 and a 52 week high of $17.49. The stock’s 50-day moving average is $15.61 and its 200-day moving average is $15.8. The company has a market cap of $86.0 million and a price-to-earnings ratio of 25.76.
MOCON (NASDAQ:MOCO) last announced its earnings results on Wednesday, March 12th. The company reported $0.08 EPS for the quarter. The company had revenue of $14.80 million for the quarter, compared to the consensus estimate of $15.30 million.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Wednesday, July 30th.
MOCON, Inc designs, manufactures, markets and services products, and provides consulting services, primarily in the test and measurement, analytical instrument and services markets.
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