Insider Selling: Iradimed Corp (NASDAQ:IRMD) Insider Sells 4,307 Shares of Stock
Iradimed Corp (NASDAQ:IRMD) insider Louis S. Waldman sold 4,307 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.48, for a total value of $109,742.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NASDAQ IRMD traded up $0.67 during trading on Friday, reaching $26.64. The company had a trading volume of 58,434 shares, compared to its average volume of 52,408. Iradimed Corp has a 12-month low of $16.68 and a 12-month high of $29.80. The stock has a market cap of $294.23 million, a PE ratio of 34.15 and a beta of 1.65. The business’s 50-day moving average is $25.39 and its 200 day moving average is $23.05. The company has a quick ratio of 9.05, a current ratio of 9.82 and a debt-to-equity ratio of 0.05.
Iradimed (NASDAQ:IRMD) last released its earnings results on Thursday, February 6th. The medical equipment provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. Iradimed had a return on equity of 18.95% and a net margin of 25.01%. The firm had revenue of $10.89 million for the quarter, compared to analysts’ expectations of $10.96 million. On average, analysts anticipate that Iradimed Corp will post 0.77 earnings per share for the current year.
Several equities research analysts recently weighed in on IRMD shares. ValuEngine raised Iradimed from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Zacks Investment Research raised Iradimed from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Saturday, October 26th. Finally, BidaskClub cut Iradimed from a “sell” rating to a “strong sell” rating in a research note on Thursday.
IRADIMED CORPORATION develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible medical devices, and related accessories and services in the United States and internationally. It offers MRI compatible intravenous (IV) infusion pump system with associated disposable IV tubing sets; and MRI compatible patient vital signs monitoring system.
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