Insider Buying: Thomas M. Patton Acquires 10,000 Shares of CAS Medical Systems Stock (CASM)
CAS Medical Systems (NASDAQ:CASM) CEO Thomas M. Patton purchased 10,000 shares of CAS Medical Systems stock in a transaction dated Friday, August 8th. The shares were purchased at an average price of $1.61 per share, with a total value of $16,100.00. Following the purchase, the chief executive officer now directly owns 540,177 shares in the company, valued at approximately $869,685. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
CAS Medical Systems (NASDAQ:CASM) opened at 1.60 on Tuesday. CAS Medical Systems has a 52-week low of $1.211 and a 52-week high of $2.50. The stock’s 50-day moving average is $1.87 and its 200-day moving average is $2.0. The company’s market cap is $30.7 million.
CAS Medical Systems (NASDAQ:CASM) last announced its earnings results on Wednesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.02. The company had revenue of $5.80 million for the quarter, compared to the consensus estimate of $5.00 million. On average, analysts predict that CAS Medical Systems will post $-0.48 earnings per share for the current fiscal year.
CAS Medical Systems, Inc (NASDAQ:CASM) is a medical technology company that develops, manufactures and markets non-invasive patient monitoring products that is vital to patient care.
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