Heska Corp. (HSKA) Reaches New 12-Month High at $54.59
Heska Corp. (NASDAQ:HSKA) hit a new 52-week high on Tuesday . The stock traded as high as $54.59 and last traded at $53.72, with a volume of 89,832 shares traded. The stock had previously closed at $52.44.
HSKA has been the subject of several research reports. Zacks Investment Research raised shares of Heska Corp. from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Wednesday, July 13th. Sidoti initiated coverage on shares of Heska Corp. in a research report on Friday, July 1st. They set a “buy” rating and a $49.00 target price for the company. TheStreet raised shares of Heska Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, May 25th. Gabelli cut shares of Heska Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, B. Riley reissued a “buy” rating and set a $42.50 target price on shares of Heska Corp. in a research report on Monday, May 9th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Heska Corp. presently has a consensus rating of “Buy” and an average price target of $52.83.
The stock’s 50-day moving average price is $47.69 and its 200 day moving average price is $37.05. The company has a market cap of $375.17 million and a price-to-earnings ratio of 55.29.
Heska Corp. (NASDAQ:HSKA) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.17. The company had revenue of $30 million for the quarter, compared to analyst estimates of $28.47 million. The company’s revenue was up 25.5% compared to the same quarter last year. Equities research analysts expect that Heska Corp. will post $1.12 earnings per share for the current fiscal year.
In other Heska Corp. news, CEO Kevin S. Wilson sold 30,736 shares of Heska Corp. stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $47.34, for a total transaction of $1,455,042.24. Following the completion of the sale, the chief executive officer now directly owns 140,720 shares in the company, valued at $6,661,684.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason A. Napolitano sold 20,000 shares of Heska Corp. stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $41.00, for a total transaction of $820,000.00. The disclosure for this sale can be found here.
Heska Corporation develops, manufactures, markets, sells and supports veterinary products. The Company focuses on the canine and feline companion animal health markets. Its segments include Core Companion Animal Health segment, which 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, and Other Vaccines, Pharmaceuticals and Products segment, which includes private label vaccine and pharmaceutical production, primarily for cattle but also for other animals, including small mammals.
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