Insider Selling: American Science & Engineering SVP Unloads 2,445 Shares of Stock (ASEI)
American Science & Engineering (NASDAQ:ASEI) SVP Michael Tropeano sold 2,445 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $67.67, for a total value of $165,453.15. Following the completion of the transaction, the senior vice president now directly owns 1,250 shares of the company’s stock, valued at approximately $84,588. The sale was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Zacks upgraded shares of American Science & Engineering from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $68.50 price target on the stock.
American Science & Engineering (NASDAQ:ASEI) traded down 0.37% during mid-day trading on Tuesday, hitting $67.92. The stock had a trading volume of 17,475 shares. American Science & Engineering has a 52-week low of $55.28 and a 52-week high of $74.75. The stock’s 50-day moving average is $66.87 and its 200-day moving average is $68.16. The company has a market cap of $534.5 million and a price-to-earnings ratio of 35.69.
American Science & Engineering (NASDAQ:ASEI) last released its earnings data on Thursday, May 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.10. The company had revenue of $65.60 million for the quarter, compared to the consensus estimate of $45.31 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 55.1% on a year-over-year basis. Analysts expect that American Science & Engineering will post $1.68 EPS for the current fiscal year.
American Science and Engineering, Inc (NASDAQ:ASEI) develops, manufactures, markets, and sells X-ray inspection and other detection products for homeland security, force protection and other critical defense applications.
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