Insider Buying: Cenveo Director Buys 3,000 Shares of Stock (CVO)
Cenveo (NYSE:CVO) Director Mark J. Griffin purchased 3,000 shares of the stock in a transaction dated Friday, August 29th. The stock was purchased at an average cost of $3.06 per share, for a total transaction of $9,180.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Cenveo (NYSE:CVO) traded down 0.16% on Tuesday, hitting $3.035. 426,773 shares of the company’s stock traded hands. Cenveo has a one year low of $2.69 and a one year high of $3.92. The stock has a 50-day moving average of $3.34 and a 200-day moving average of $3.27. The company’s market cap is $205.3 million.
Cenveo (NYSE:CVO) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.06. The company had revenue of $479.40 million for the quarter, compared to the consensus estimate of $480.35 million. Analysts expect that Cenveo will post $0.19 EPS for the current fiscal year.
Separately, analysts at CRT Capital raised their price target on shares of Cenveo from $3.75 to $5.50 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock.
Cenveo, Inc is a diversified printing company in North America. The Company’s portfolio of products includes commercial printing, envelope converting, label manufacturing and specialty packaging production.
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