Bard Associates Inc. Sells 199,337 Shares of Modular Medical, Inc. $MODD

Bard Associates Inc. lowered its position in shares of Modular Medical, Inc. (NASDAQ:MODD) by 6.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,928,168 shares of the company’s stock after selling 199,337 shares during the period. Bard Associates Inc. owned about 3.77% of Modular Medical worth $1,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bleichroeder LP grew its position in Modular Medical by 41.9% during the 4th quarter. Bleichroeder LP now owns 2,859,581 shares of the company’s stock worth $1,041,000 after acquiring an additional 845,000 shares during the last quarter. Jane Street Group LLC grew its position in Modular Medical by 446.8% during the 4th quarter. Jane Street Group LLC now owns 163,952 shares of the company’s stock worth $60,000 after acquiring an additional 133,969 shares during the last quarter. Finally, Perritt Capital Management Inc grew its position in Modular Medical by 34.2% during the 3rd quarter. Perritt Capital Management Inc now owns 85,000 shares of the company’s stock worth $59,000 after acquiring an additional 21,675 shares during the last quarter. Institutional investors own 27.47% of the company’s stock.

Modular Medical Price Performance

Shares of Modular Medical stock opened at $4.77 on Friday. Modular Medical, Inc. has a one year low of $3.13 and a one year high of $30.00. The stock’s 50-day moving average is $4.54 and its 200 day moving average is $8.74. The firm has a market cap of $22.23 million, a price-to-earnings ratio of -0.32 and a beta of 0.31.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Modular Medical in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About Modular Medical

Modular Medical, Inc operates as a medical device company. It focuses on the design, development, and commercialization of insulin pumps. It offers MODD1, a two-part patch pump for type-1 and type-2 diabetes. The company is headquartered in San Diego, California.