LRAD Corp. CFO Unloads $82,500 in Stock (LRAD)
LRAD Corp. (NASDAQ:LRAD) CFO Katherine H. Mcdermott sold 25,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $3.30, for a total value of $82,500.00. Following the transaction, the chief financial officer now directly owns 27,000 shares in the company, valued at approximately $89,100. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Sidoti downgraded shares of LRAD Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 20th.
Shares of LRAD Corp. (NASDAQ:LRAD) traded down 3.32% during mid-day trading on Tuesday, hitting $3.20. 350,208 shares of the company’s stock traded hands. LRAD Corp. has a 1-year low of $1.26 and a 1-year high of $3.45. The stock’s 50-day moving average is $2.28 and its 200-day moving average is $2.07. The company has a market cap of $105.6 million and a price-to-earnings ratio of 19.82.
LRAD Corporation is engaged in the design, development and commercialization of directed sound technologies and products.
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