Insider Selling: Mercury Systems SVP Sells 15,876 Shares of Stock (MRCY)
Mercury Systems (NASDAQ:MRCY) SVP Gerald M. Haines II unloaded 15,876 shares of the stock on the open market in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $10.89, for a total transaction of $172,889.64. Following the sale, the senior vice president now directly owns 187,582 shares in the company, valued at approximately $2,042,768. The transaction was disclosed in a filing with the SEC, which is available at this link.
Mercury Systems (NASDAQ:MRCY) traded up 0.09% on Monday, hitting $10.70. 108,441 shares of the company’s stock traded hands. Mercury Systems has a one year low of $8.42 and a one year high of $14.40. The stock’s 50-day moving average is $11.33 and its 200-day moving average is $11.91. The company’s market cap is $357.1 million.
Mercury Systems (NASDAQ:MRCY) last released its earnings data on Tuesday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.10. The company had revenue of $53.70 million for the quarter, compared to the consensus estimate of $55.62 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts predict that Mercury Systems will post $0.26 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $13.50 price target on the stock.
Mercury Systems, Inc, formerly Mercury Computer Systems, Inc, designs, manufactures and markets real-time digital signal and images processing sub-systems and software for specialized defense and commercial markets.
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