Insider Buying: Gary M. Rauch Purchases 1,020 Shares of Akers Biosciences Stock (AKER)
Akers Biosciences (NASDAQ:AKER) VP Gary M. Rauch bought 1,020 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was purchased at an average cost of $3.15 per share, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at this link.
Akers Biosciences (NASDAQ:AKER) opened at 2.96 on Tuesday. Akers Biosciences has a one year low of $2.56 and a one 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 announced its earnings results on Tuesday, August 12th. The company reported ($0.10) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.16) by $0.06. Analysts expect that Akers Biosciences will post $-0.66 EPS 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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