FULGENT GENETIC (NASDAQ:FLGT) announced its earnings results on Monday. The company reported $0.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.02, Bloomberg Earnings reports.

Shares of FULGENT GENETIC (NASDAQ FLGT) traded down 3.91% during midday trading on Monday, hitting $6.14. 33,380 shares of the company traded hands. The company has a 50-day moving average price of $6.34 and a 200-day moving average price of $9.21. FULGENT GENETIC has a 52 week low of $4.49 and a 52 week high of $13.90. The stock’s market capitalization is $108.63 million.

Separately, Zacks Investment Research downgraded shares of FULGENT GENETIC from a “hold” rating to a “sell” rating in a research report on Friday, May 12th.

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In other news, insider Ming Hsieh acquired 20,000 shares of FULGENT GENETIC stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average price of $5.26 per share, for a total transaction of $105,200.00. Following the purchase, the insider now directly owns 6,482,244 shares in the company, valued at approximately $34,096,603.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

About FULGENT GENETIC

Fulgent Genetics, Inc is a technology company. The Company offers genetic testing to provide physicians with clinically actionable diagnostic information to improve quality of patient care. The Company has developed a technology platform that integrates data comparison and suppression algorithms, adaptive learning software, advanced genetic diagnostics tools and integrated laboratory processes.

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