Athersys Insider John J. Harrington Unloads 8,150 Shares (ATHX)
Athersys (NASDAQ:ATHX) Insider John J. Harrington unloaded 8,150 shares of the company’s stock on the open market in a transaction dated Thursday, June 19th. The stock was sold at an average price of $1.63, for a total value of $13,284.50. Following the completion of the transaction, the insider now directly owns 604,185 shares in the company, valued at approximately $984,822. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Athersys (NASDAQ:ATHX) traded down 2.42% on Thursday, hitting $1.61. The stock had a trading volume of 910,639 shares. Athersys has a one year low of $1.08 and a one year high of $4.33. The stock has a 50-day moving average of $1.57 and a 200-day moving average of $2.7. The company’s market cap is $124.0 million.
Athersys (NASDAQ:ATHX) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.09) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.10) by $0.01. The company had revenue of $0.71 million for the quarter, compared to the consensus estimate of $0.66 million. Athersys’s revenue was up 116.9% compared to the same quarter last year. On average, analysts predict that Athersys will post $-0.40 earnings per share for the current fiscal year.
A number of research firms have recently commented on ATHX. Analysts at Edison Investment Research reiterated a “neutral” rating on shares of Athersys in a research note on Tuesday, May 6th. Analysts at First Analysis initiated coverage on shares of Athersys in a research note on Tuesday, April 29th. They set an “overweight” rating and a $5.00 price target on the stock.
Athersys, Inc is a biopharmaceutical company engaged in the discovery and development of therapeutic product candidates designed to extend and improve the quality of human life.
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