Pure Bioscience Director Acquires $17,000 in Stock (PURE)
Pure Bioscience (NASDAQ:PURE) Director William Otis bought 20,000 shares of the stock in a transaction dated Friday, August 1st. The stock was purchased at an average price of $0.85 per share, with a total value of $17,000.00. Following the completion of the acquisition, the director now directly owns 220,000 shares in the company, valued at approximately $187,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks reiterated an “outperform” rating on shares of Pure Bioscience in a research note on Tuesday, June 10th. They now have a $3.00 price target on the stock.
Shares of Pure Bioscience (NASDAQ:PURE) traded up 2.00% on Wednesday, hitting $1.02. 5,535 shares of the company’s stock traded hands. Pure Bioscience has a 1-year low of $0.45 and a 1-year high of $1.70. The stock has a 50-day moving average of $1.04 and a 200-day moving average of $1.19. The company’s market cap is $29.6 million.
Pure Bioscience (NASDAQ:PURE) last announced its earnings results on Tuesday, June 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.02. The company had revenue of $0.26 million for the quarter, compared to the consensus estimate of $0.26 million.
PURE Bioscience is engaged in the development and commercialization of bioscience technologies. The Company’s flagship bioscience technology is a aqueous antimicrobial called silver dihydrogen citrate (NASDAQ:PURE).
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