CONMED EVP Unloads $200,528 in Stock (CNMD)
CONMED (NASDAQ:CNMD) EVP William Abraham sold 5,312 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $37.75, for a total transaction of $200,528.00. Following the completion of the transaction, the executive vice president now directly owns 8,909 shares in the company, valued at approximately $336,315. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of CONMED in a research note on Friday, July 18th. They now have a $44.00 price target on the stock.
Shares of CONMED (NASDAQ:CNMD) traded up 0.59% during mid-day trading on Thursday, hitting $37.60. 162,827 shares of the company’s stock traded hands. CONMED has a 1-year low of $30.86 and a 1-year high of $50.47. The stock’s 50-day moving average is $40.26 and its 200-day moving average is $44.06. The company has a market cap of $1.028 billion and a price-to-earnings ratio of 29.93.
CONMED (NASDAQ:CNMD) last released its earnings data on Wednesday, July 23rd. The company reported $0.47 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.47. The company had revenue of $188.20 million for the quarter, compared to the consensus estimate of $190.62 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts expect that CONMED will post $1.87 EPS for the current fiscal year.
CONMED Corporation (NASDAQ:CNMD) is a medical technology company/ The Company emphasizes on surgical devices and equipment for minimally invasive procedures and monitoring.
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