ProShares UltraShort DJ-UBS Commodity (CMD) Downgraded to “Hold” at Zacks Investment Research

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Cantel Medical Corporation is a global company dedicated to delivering innovative infection prevention products and services for patients, caregivers, and other healthcare providers, which improve outcomes and help save lives. Through an expansive portfolio of endoscopy, water purification and filtration, and healthcare disposables, Cantel Medical provides high-quality infection prevention solutions and unsurpassed service, touching millions of patients each year around the world. Cantel Medical is a leading provider of infection prevention products and services in the healthcare market. Cantel Medical specializing in the Endoscopy procedure disposables includes single-use valves and irrigation tubing. Medical device reprocessing systems, disinfectants, detergents and other supplies are used to disinfect high-level endoscopes. “

CMD has been the subject of several other research reports. Raymond James Financial reissued a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research report on Monday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research report on Thursday, December 7th.

Shares of ProShares UltraShort DJ-UBS Commodity (CMD) traded up $0.51 during trading on Wednesday, reaching $80.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.36 and a current ratio of 2.31. ProShares UltraShort DJ-UBS Commodity has a twelve month low of $37.21 and a twelve month high of $86.30.

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last announced its quarterly earnings data on Thursday, December 7th. The medical instruments supplier reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $212.80 million during the quarter, compared to analyst estimates of $207.72 million. ProShares UltraShort DJ-UBS Commodity had a return on equity of 16.70% and a net margin of 9.02%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share.

In other news, Chairman Charles M. Diker sold 12,000 shares of ProShares UltraShort DJ-UBS Commodity stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $100.53, for a total value of $1,206,360.00. Following the completion of the transaction, the chairman now owns 3,078,256 shares of the company’s stock, valued at approximately $309,457,075.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Seth M. Yellin sold 1,000 shares of ProShares UltraShort DJ-UBS Commodity stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $103.58, for a total value of $103,580.00. Following the completion of the transaction, the executive vice president now directly owns 22,856 shares of the company’s stock, valued at approximately $2,367,424.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,956 shares of company stock valued at $8,137,495. 14.90% of the stock is owned by insiders.

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About ProShares UltraShort DJ-UBS Commodity

ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.

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