Insider Selling: John J. Harrington Sells 8,150 Shares of Athersys Stock (ATHX)
Athersys (NASDAQ:ATHX) Insider John J. Harrington unloaded 8,150 shares of Athersys stock on the open market in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $1.63, for a total value of $13,284.50. Following the completion of the sale, the insider now directly owns 604,185 shares in the company, valued at approximately $984,822. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Athersys (NASDAQ:ATHX) opened at 1.58 on Monday. Athersys has a 52 week low of $1.08 and a 52 week high of $4.33. The stock’s 50-day moving average is $1.58 and its 200-day moving average is $2.77. The company’s market cap is $121.7 million.
Athersys (NASDAQ:ATHX) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.09) EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 116.9% on a year-over-year basis. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.