Radnet Director Unloads $115,169 in Stock (RDNT)
Radnet (NASDAQ:RDNT) Director John V. Crues sold 16,667 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $6.91, for a total transaction of $115,168.97. Following the completion of the transaction, the director now directly owns 768,112 shares of the company’s stock, valued at approximately $5,307,654. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Radnet (NASDAQ:RDNT) traded up 3.10% on Monday, hitting $6.98. The stock had a trading volume of 563,525 shares. Radnet has a one year low of $1.50 and a one year high of $7.67. The stock’s 50-day moving average is $6.02 and its 200-day moving average is $4.71. The company’s market cap is $297.9 million.
Radnet (NASDAQ:RDNT) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.07. The company had revenue of $179.10 million for the quarter, compared to the consensus estimate of $176.85 million. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts expect that Radnet will post $0.19 EPS for the current fiscal year.
Separately, analysts at Deutsche Bank raised their price target on shares of Radnet to $9.00 in a research note on Thursday, June 5th.
RadNet, Inc (NASDAQ:RDNT) operates a group of regional networks comprising 180 diagnostic imaging facilities located in seven states with operations in California, Maryland, the Treasure Coast area of Florida, Kansas, Delaware, New Jersey and the Finger Lakes (Rochester) and Hudson Valley areas of New York.
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