Analogic Corp. (ALOG) Sees Unusually-High Trading Volume
Analogic Corp. (NASDAQ:ALOG) shares saw unusually-strong trading volume on Friday . Approximately 238,040 shares changed hands during mid-day 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.
Several equities analysts have commented on ALOG shares. TheStreet raised Analogic Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, June 8th. Brean Capital reaffirmed a “buy” rating on shares of Analogic Corp. in a report on Thursday, June 2nd. Finally, Zacks Investment Research raised Analogic Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd.
The company has a market cap of $1.11 billion and a P/E ratio of 78.42. The firm’s 50 day moving average is $83.95 and its 200-day moving average is $79.73.
Analogic Corp. (NASDAQ:ALOG) last announced its quarterly earnings data on Wednesday, June 1st. The company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ 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 period last year, the firm earned $1.07 EPS. Analogic Corp.’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities research analysts predict that Analogic Corp. will post $3.72 earnings per share for the current year.
In related news, CEO James W. Green sold 500 shares of Analogic Corp. stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $81.55, for a total transaction of $40,775.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Patrick Ryan sold 545 shares of Analogic Corp. 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 transaction, the insider now owns 2,346 shares of the company’s stock, valued at approximately $202,952.46. 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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