Insider Selling: Span-America Medical VP Unloads 1,000 Shares of Stock (SPAN)
Span-America Medical (NASDAQ:SPAN) VP Clyde A. Shew sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $22.22, for a total transaction of $22,220.00. Following the transaction, the vice president now directly owns 26,054 shares of the company’s stock, valued at approximately $578,920. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Span-America Medical (NASDAQ:SPAN) traded down 4.23% on Friday, hitting $21.03. 345 shares of the company’s stock traded hands. Span-America Medical has a 1-year low of $18.12 and a 1-year high of $25.02. The stock has a 50-day moving average of $21.35 and a 200-day moving average of $20.98. The company has a market cap of $62.3 million and a P/E ratio of 16.38.
Span-America Medical (NASDAQ:SPAN) last announced its earnings results on Thursday, May 1st. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.04. The company had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $16.07 billion. Analysts expect that Span-America Medical will post $1.24 EPS for the current fiscal year.
Span-America Medical Systems, Inc manufactures and distributes a variety of therapeutic support surfaces and related products utilizing polyurethane and other foam products for the medical, consumer and industrial markets.
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