Shares of MYnd Analytics Inc (NASDAQ:MYND) shot up 5.3% on Friday after an insider bought additional shares in the company. The company traded as high as $1.55 and last traded at $1.20. 500 shares changed hands during trading, a decline of 100% from the average session volume of 190,921 shares. The stock had previously closed at $1.14.

Specifically, Director John Pappajohn bought 100,000 shares of the stock in a transaction on Thursday, March 14th. The shares were bought at an average price of $1.68 per share, with a total value of $168,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 36.88% of the company’s stock.

Separately, Dawson James began coverage on shares of MYnd Analytics in a research report on Friday, April 12th. They set a “buy” rating and a $4.00 price target on the stock.

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.19.

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MYnd Analytics Company Profile (NASDAQ:MYND)

MYnd Analytics, Inc operates as a predictive analytics company primarily in the United States. The company manages the delivery of telepsychiatry and telebehavioral health services through a network of psychiatrists, psychologists, and therapists. The company is commercializing its psychiatric electroencephalogram (EEG) evaluation registry predictive analytics tool to help physicians reduce trial and error treatment in mental health.

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