Merit Medical Systems CFO Sells $312,353 in Stock (MMSI)
Merit Medical Systems (NASDAQ:MMSI) CFO Kent W. Stanger unloaded 22,137 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $14.11, for a total transaction of $312,353.07. Following the completion of the sale, the chief financial officer now directly owns 714,836 shares in the company, valued at approximately $10,086,336. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Merit Medical Systems (NASDAQ:MMSI) traded up 0.93% during mid-day trading on Monday, hitting $14.17. 203,106 shares of the company’s stock traded hands. Merit Medical Systems has a 52 week low of $10.35 and a 52 week high of $17.08. The stock has a 50-day moving average of $13.56 and a 200-day moving average of $14.61. The company has a market cap of $608.9 million and a P/E ratio of 31.98.
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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