Insider Buying: CAS Medical Systems CEO Purchases 1,500 Shares of Stock (CASM)
CAS Medical Systems (NASDAQ:CASM) CEO Thomas M. Patton bought 1,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was purchased at an average price of $1.48 per share, for a total transaction of $2,220.00. Following the acquisition, the chief executive officer now directly owns 551,677 shares of the company’s stock, valued at approximately $816,482. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of CAS Medical Systems (NASDAQ:CASM) opened at 1.55 on Friday. CAS Medical Systems has a 52-week low of $1.211 and a 52-week high of $2.50. The stock has a 50-day moving average of $1.66 and a 200-day moving average of $2.00. The company’s market cap is $29.8 million.
CAS Medical Systems (NASDAQ:CASM) last released its earnings data on Wednesday, August 6th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.11) by $0.02. The company had revenue of $5.80 million for the quarter, compared to the consensus estimate of $5.00 million. Analysts expect that CAS Medical Systems will post $-0.48 EPS for the current fiscal year.
CAS Medical Systems, Inc (NASDAQ:CASM) is a medical technology company that develops, manufactures and markets non-invasive patient monitoring products that is vital to patient care.