RadNet Inc. (NASDAQ:RDNT) EVP Michael N. Murdock sold 38,333 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $13.06, for a total value of $500,628.98. Following the completion of the transaction, the executive vice president now owns 107,242 shares in the company, valued at approximately $1,400,580.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
RadNet Inc. (NASDAQ RDNT) traded up $0.30 during trading hours on Wednesday, hitting $12.95. The company had a trading volume of 697,861 shares, compared to its average volume of 202,552. The company has a debt-to-equity ratio of 7.88, a quick ratio of 1.29 and a current ratio of 1.29. RadNet Inc. has a fifty-two week low of $5.30 and a fifty-two week high of $13.40. The firm has a market capitalization of $616.73, a PE ratio of 56.30, a price-to-earnings-growth ratio of 2.67 and a beta of 0.69.
RadNet (NASDAQ:RDNT) last released its quarterly earnings results on Thursday, March 8th. The medical research company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). RadNet had a return on equity of 26.66% and a net margin of 0.01%. The business had revenue of $235.50 million during the quarter, compared to analyst estimates of $228.46 million. During the same quarter last year, the firm posted $0.08 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. equities research analysts expect that RadNet Inc. will post 0.58 EPS for the current fiscal year.
Several research analysts recently commented on the company. BidaskClub upgraded RadNet from a “hold” rating to a “buy” rating in a research note on Wednesday. Raymond James Financial assumed coverage on RadNet in a research note on Wednesday. They issued a “strong-buy” rating and a $15.00 price target on the stock. FIX assumed coverage on RadNet in a research note on Wednesday. They issued a “strong-buy” rating and a $15.00 price target on the stock. Zacks Investment Research upgraded RadNet from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Jefferies Group set a $14.00 price target on RadNet and gave the stock a “buy” rating in a research note on Thursday, March 8th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $13.75.
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RadNet, Inc is a provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States. As of December 31, 2016, the Company operated directly or indirectly through joint ventures, 305 centers located in California, Delaware, Florida, Maryland, New Jersey, New York and Rhode Island.
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