Landec (NASDAQ:LNDC) Announces Earnings Results
Landec (NASDAQ:LNDC) released its quarterly earnings data on Tuesday. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.11), Fidelity Earnings reports. Landec had a negative net margin of 8.85% and a negative return on equity of 0.04%.
NASDAQ LNDC traded down $0.93 on Thursday, reaching $10.02. The stock had a trading volume of 15,332 shares, compared to its average volume of 119,978. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.48. The company has a market cap of $293.82 million, a P/E ratio of -5.72, a price-to-earnings-growth ratio of 33.84 and a beta of 1.04. The firm has a fifty day moving average of $11.26 and a two-hundred day moving average of $10.69. Landec has a 1-year low of $7.48 and a 1-year high of $12.24.
In other Landec news, CEO Albert D. Bolles bought 10,000 shares of the firm’s stock in a transaction on Tuesday, January 19th. The shares were purchased at an average price of $10.98 per share, for a total transaction of $109,800.00. Following the transaction, the chief executive officer now directly owns 36,152 shares in the company, valued at approximately $396,948.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Nelson Obus bought 6,400 shares of the stock in a transaction dated Monday, January 11th. The shares were acquired at an average cost of $10.81 per share, for a total transaction of $69,184.00. Following the completion of the acquisition, the director now directly owns 36,115 shares of the company’s stock, valued at approximately $390,403.15. The disclosure for this purchase can be found here. Insiders have bought 20,400 shares of company stock valued at $224,844 in the last three months. Insiders own 11.89% of the company’s stock.
Landec Company Profile
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through Curation Foods and Lifecore segments. The Curation Foods segment engages in processing, marketing, and selling of vegetable-based salads, and fresh-cut and whole vegetable products primarily under the Eat Smart brand, O branded olive oils and wine vinegars, and Yucatan and Cabo Fresh guacamole and avocado food products, as well as various private labels.
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