Analogic Corp. (ALOG) Sees Large Volume Increase
Analogic Corp. (NASDAQ:ALOG) saw unusually-strong trading volume on Friday . Approximately 108,397 shares traded hands during mid-day trading, an increase of 69% from the previous session’s volume of 64,144 shares.The stock last traded at $81.57 and had previously closed at $80.61.
Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Analogic Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Sidoti assumed coverage on Analogic Corp. in a research report on Thursday, March 24th. They set a “neutral” rating and a $81.00 target price on the stock. TheStreet upgraded Analogic Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, June 8th. Finally, Brean Capital reiterated a “buy” rating on shares of Analogic Corp. in a research report on Thursday, June 2nd.
The company has a 50-day moving average price of $82.17 and a 200-day moving average price of $78.30. The stock has a market cap of $1.01 billion and a P/E ratio of 71.55.
Analogic Corp. (NASDAQ:ALOG) last issued its quarterly earnings results on Wednesday, June 1st. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.08. The firm earned $127.98 million during the quarter, compared to the consensus estimate of $127.30 million. During the same quarter in the previous year, the business posted $1.07 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. Analysts anticipate that Analogic Corp. will post $3.72 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Saturday, June 11th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Wednesday, June 8th.
In other news, SVP James Patrick Ryan sold 500 shares of Analogic Corp. stock in a transaction on Friday, April 15th. The stock was sold at an average price of $78.60, for a total transaction of $39,300.00. Following the transaction, the senior vice president now owns 4,391 shares in the company, valued at $345,132.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shalabh Chandra sold 1,250 shares of Analogic Corp. stock in a transaction on Monday, May 16th. The shares were sold at an average price of $80.00, for a total value of $100,000.00. Following the transaction, the insider now owns 7,067 shares in the company, valued at approximately $565,360. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have modified their holdings of the company. Wells Fargo & Company MN increased its position in shares of Analogic Corp. by 16.7% in the fourth quarter. Wells Fargo & Company MN now owns 531,694 shares of the company’s stock worth $43,917,000 after buying an additional 76,023 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Analogic Corp. by 7.6% in the fourth quarter. Principal Financial Group Inc. now owns 84,357 shares of the company’s stock worth $6,968,000 after buying an additional 5,969 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Analogic Corp. by 3.1% in the fourth quarter. California Public Employees Retirement System now owns 63,100 shares of the company’s stock worth $5,212,000 after buying an additional 1,900 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Analogic Corp. by 4.5% in the fourth quarter. Rhumbline Advisers now owns 23,667 shares of the company’s stock worth $1,955,000 after buying an additional 1,020 shares in the last quarter.
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies to advance the practice of medicine and save lives. The Company operates through three business segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.
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