Insider Buying: Vision-Sciences Director Acquires 43,420 Shares of Stock (VSCI)
Vision-Sciences (NASDAQ:VSCI) Director Lewis C. Pell purchased 43,420 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $0.91 per share, with a total value of $39,512.20. Following the transaction, the director now directly owns 8,618,640 shares in the company, valued at approximately $7,842,962. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Vision-Sciences (NASDAQ:VSCI) opened at 1.05 on Monday. Vision-Sciences has a 52-week low of $0.78 and a 52-week high of $1.75. The stock’s 50-day moving average is $1.07 and its 200-day moving average is $1.20. The company’s market cap is $48.6 million.
Vision-Sciences (NASDAQ:VSCI) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.04) EPS for the quarter. The company had revenue of $3.75 million for the quarter, compared to the consensus estimate of $3.65 million.
Vision-Sciences, Inc designs, develops, manufactures, and markets products for endoscopy – the science of using an instrument, known as an endoscope, to provide minimally invasive access to areas not readily visible to the human eye.
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