Foundation Medicine Inc (FMI) SVP Robert W. Hesslein Sells 1,864 Shares
Foundation Medicine Inc (NASDAQ:FMI) SVP Robert W. Hesslein sold 1,864 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $64.00, for a total transaction of $119,296.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Foundation Medicine Inc (FMI) traded up $0.45 during mid-day trading on Wednesday, reaching $63.05. 184,187 shares of the company were exchanged, compared to its average volume of 338,680. Foundation Medicine Inc has a 12 month low of $17.10 and a 12 month high of $70.75. The company has a market capitalization of $2,290.00, a P/E ratio of -14.11 and a beta of -0.01. The company has a current ratio of 2.24, a quick ratio of 2.03 and a debt-to-equity ratio of 0.47.
Foundation Medicine (NASDAQ:FMI) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($0.90) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.06) by $0.16. Foundation Medicine had a negative net margin of 119.69% and a negative return on equity of 143.18%. The company had revenue of $42.66 million during the quarter, compared to the consensus estimate of $37.99 million. During the same period in the prior year, the firm earned ($0.90) earnings per share. Foundation Medicine’s revenue was up 45.0% on a year-over-year basis. equities research analysts anticipate that Foundation Medicine Inc will post -4.44 earnings per share for the current year.
A number of equities analysts recently issued reports on FMI shares. BidaskClub raised shares of Foundation Medicine from a “hold” rating to a “buy” rating in a research note on Saturday, September 9th. Zacks Investment Research downgraded shares of Foundation Medicine from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $45.33.
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About Foundation Medicine
Foundation Medicine, Inc is a molecular information company. The Company sells products that are enabled by its molecular information platform to physicians and biopharmaceutical companies. It is engaged in the business of delivering molecular information about cancer to its customers. Its platform includes various methods and algorithms for analyzing specimens across various types of cancer.
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