Insider Buying: Gary M. Rauch Acquires 1,020 Shares of Akers Biosciences Stock (AKER)
Akers Biosciences (NASDAQ:AKER) VP Gary M. Rauch bought 1,020 shares of Akers Biosciences stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average cost of $3.15 per share, for a total transaction of $3,213.00. Following the purchase, the vice president now directly owns 1,500 shares in the company, valued at approximately $4,725. The transaction was disclosed in a filing with the SEC, which is available at this link.
Akers Biosciences (NASDAQ:AKER) opened at 3.10 on Wednesday. Akers Biosciences has a 52-week low of $2.56 and a 52-week high of $5.52. The stock’s 50-day moving average is $3.64 and its 200-day moving average is $4.0. The company’s market cap is $15.2 million.
Akers Biosciences (NASDAQ:AKER) last released its earnings data 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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