Analogic Corp. (ALOG) Sets New 52-Week High at $91.24
Analogic Corp. (NASDAQ:ALOG)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $91.24 and last traded at $90.18, with a volume of 12,744 shares. The stock had previously closed at $88.90.
A number of research firms have commented on ALOG. Zacks Investment Research upgraded Analogic Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Brean Capital restated a “buy” rating on shares of Analogic Corp. in a research note on Thursday, June 2nd. Finally, TheStreet upgraded Analogic Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 8th.
The firm has a market cap of $1.13 billion and a P/E ratio of 79.82. The stock’s 50-day moving average is $86.09 and its 200 day moving average is $80.94.
In related news, VP James Patrick Ryan sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $83.59, for a total value of $41,795.00. Following the transaction, the vice president now owns 3,391 shares in the company, valued at $283,453.69. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shalabh Chandra sold 2,650 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $90.00, for a total value of $238,500.00. Following the completion of the transaction, the insider now owns 5,967 shares in the company, valued at approximately $537,030. 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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