Insider Buying: Akers Biosciences VP Purchases 1,020 Shares of Stock (AKER)
Akers Biosciences (NASDAQ:AKER) VP Gary M. Rauch purchased 1,020 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price of $3.15 per share, with a total value of $3,213.00. Following the completion of the transaction, the vice president now directly owns 1,500 shares of the company’s stock, valued at approximately $4,725. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Akers Biosciences (NASDAQ:AKER) traded down 6.03% during mid-day trading on Monday, hitting $2.96. 9,255 shares of the company’s stock traded hands. Akers Biosciences has a 1-year low of $2.56 and a 1-year high of $5.52. The stock’s 50-day moving average is $3.67 and its 200-day moving average is $4.08. The company’s market cap is $14.5 million.
Akers Biosciences (NASDAQ:AKER) last released its earnings data on Tuesday, August 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.06. On average, analysts predict that Akers Biosciences will post $-0.66 earnings per share for the current fiscal year.
Separately, analysts at Aegis initiated coverage on shares of Akers Biosciences in a research note on Monday, June 9th. They set a “buy” rating and a $11.00 price target on the stock.
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