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Landec Corp. (NASDAQ:LNDC) Director Fred Frank sold 88,464 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $12.10, for a total value of $1,070,414.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Landec Corp. (NASDAQ:LNDC) traded up 1.66% during mid-day trading on Friday, hitting $12.25. The stock had a trading volume of 92,014 shares. Landec Corp. has a 52 week low of $9.84 and a 52 week high of $13.66. The stock has a 50-day moving average of $12.27 and a 200-day moving average of $11.56. The company has a market cap of $328.8 million and a P/E ratio of 16.97.

Landec Corp. (NASDAQ:LNDC) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.01. The company had revenue of $120.90 million for the quarter, compared to the consensus estimate of $112.60 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. On average, analysts predict that Landec Corp. will post $0.71 earnings per share for the current fiscal year.

Landec Corporation (NASDAQ:LNDC) designs, develops, manufactures and sells polymer products for food and agricultural products, medical devices and licensed partner applications that incorporate Landec’s polymer technologies.

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