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 shares were purchased at an average cost of $3.06 per share, for a total transaction of $9,180.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
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.
Shares of Cenveo (NYSE:CVO) opened at 3.03 on Wednesday. Cenveo has a 1-year low of $2.69 and a 1-year high of $3.92. The stock has a 50-day moving average of $3.31 and a 200-day moving average of $3.27. The company’s market cap is $205.0 million.
Cenveo (NYSE:CVO) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that Cenveo will post $0.19 earnings per share for the current fiscal year.
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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