Mercury Systems CEO Mark Aslett Sells 86,181 Shares (MRCY)
Mercury Systems (NASDAQ:MRCY) CEO Mark Aslett sold 86,181 shares of the stock on the open market in a transaction dated Friday, August 22nd. The shares were sold at an average price of $10.89, for a total transaction of $938,511.09. Following the completion of the sale, the chief executive officer now directly owns 648,342 shares in the company, valued at approximately $7,060,444. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Mercury Systems (NASDAQ:MRCY) traded up 0.09% during mid-day trading on Monday, hitting $10.70. The stock had a trading volume of 108,441 shares. Mercury Systems has a 1-year low of $8.42 and a 1-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 issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts expect that Mercury Systems will post $0.26 EPS 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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