Heska Corp. (HSKA) Sees Strong Trading Volume
Shares of Heska Corp. (NASDAQ:HSKA) saw strong trading volume on Thursday . 107,764 shares were traded during trading, an increase of 27% from the previous session’s volume of 84,547 shares.The stock last traded at $41.33 and had previously closed at $40.48.
HSKA has been the subject of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and issued a $42.50 price objective on shares of Heska Corp. in a research note on Wednesday, May 4th. CL King initiated coverage on Heska Corp. in a research note on Friday, April 1st. They issued a “buy” rating for the company. Sidoti initiated coverage on Heska Corp. in a research note on Friday, July 1st. They issued a “buy” rating and a $49.00 price objective for the company. TheStreet raised Heska Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, May 25th. Finally, Zacks Investment Research lowered Heska Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $44.17.
The company has a 50 day moving average price of $36.51 and a 200-day moving average price of $33.91. The stock has a market cap of $290.80 million and a P/E ratio of 53.33.
Heska Corp. (NASDAQ:HSKA) last issued its earnings results on Tuesday, May 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.19. The firm earned $27.10 million during the quarter, compared to analysts’ expectations of $23.32 million. Analysts anticipate that Heska Corp. will post $0.85 EPS for the current fiscal year.
In other Heska Corp. news, CEO Kevin S. Wilson sold 20,000 shares of Heska Corp. stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $36.74, for a total transaction of $734,800.00. Following the completion of the transaction, the chief executive officer now owns 190,000 shares in the company, valued at approximately $6,980,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael J. Mcginley sold 5,998 shares of Heska Corp. stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $36.50, for a total value of $218,927.00. Following the transaction, the insider now owns 30,801 shares of the company’s stock, valued at approximately $1,124,236.50. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in Heska Corp. stock. Oxford Asset Management acquired a new position in shares of Heska Corp. (NASDAQ:HSKA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 67,465 shares of the company’s stock, valued at approximately $2,591,000. Oxford Asset Management owned approximately 1.02% of Heska Corp. at the end of the most recent quarter.
Heska Corporation develops, manufactures, markets, sells and supports veterinary products. The Company is focused on the canine and feline companion animal health markets. The Company operates in two segments: Core Companion Animal Health and Other Vaccines Pharmaceuticals and Products. The Core Companion Animal Health segment (CCA) includes, primarily for canine and feline use, blood testing instruments and supplies, digital imaging products, software and services, and single use products and services, such as heartworm diagnostic tests, heartworm preventive products, allergy immunotherapy products and allergy testing.
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