Analogic Corp. (ALOG) Sees Unusually-High Trading Volume
Shares of Analogic Corp. (NASDAQ:ALOG) saw unusually-high trading volume on Friday . Approximately 238,040 shares changed hands during trading, an increase of 127% from the previous session’s volume of 104,868 shares.The stock last traded at $89.40 and had previously closed at $88.60.
ALOG has been the topic of several recent research reports. TheStreet upgraded Analogic Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, June 8th. Brean Capital reiterated a “buy” rating on shares of Analogic Corp. in a research report on Thursday, June 2nd. Finally, Zacks Investment Research upgraded Analogic Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd.
The firm has a market cap of $1.11 billion and a PE ratio of 78.42. The firm has a 50 day moving average price of $83.95 and a 200 day moving average price of $79.73.
Analogic Corp. (NASDAQ:ALOG) last posted its earnings results on Wednesday, June 1st. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by $0.08. The company earned $127.98 million during the quarter, compared to the consensus estimate of $127.30 million. During the same quarter in the prior year, the company earned $1.07 EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities research analysts anticipate that Analogic Corp. will post $3.72 earnings per share for the current year.
In related news, insider James Patrick Ryan sold 545 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $86.51, for a total value of $47,147.95. Following the sale, the insider now directly owns 2,346 shares in the company, valued at $202,952.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shalabh Chandra sold 1,250 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $86.84, for a total value of $108,550.00. Following the completion of the sale, the insider now owns 3,317 shares in the company, valued at $288,048.28. The disclosure for this sale can be found here.
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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