Insider Buying: Cenveo Director Buys 3,000 Shares of Stock (CVO)
Cenveo (NYSE:CVO) Director Mark J. Griffin acquired 3,000 shares of Cenveo stock on the open market in a transaction that occurred on Friday, August 29th. The stock was purchased at an average price of $3.06 per share, with a total value of $9,180.00. The transaction was disclosed in a filing with the SEC, which can be accessed through 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.
Cenveo (NYSE:CVO) traded up 0.28% on Thursday, hitting $3.0084. The stock had a trading volume of 28,372 shares. Cenveo has a one year low of $2.69 and a one year high of $3.92. The stock’s 50-day moving average is $3.30 and its 200-day moving average is $3.27. The company’s market cap is $203.5 million.
Cenveo (NYSE:CVO) last released its earnings data on Wednesday, August 6th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters 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.
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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