Zynex Inc. (OTCMKTS:ZYXI) CFO Sells $113,437.50 in Stock

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Zynex Inc. (OTCMKTS:ZYXI) CFO Daniel J. Moorhead sold 13,750 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $8.25, for a total value of $113,437.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

OTCMKTS ZYXI opened at $8.80 on Friday. Zynex Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $9.22. The firm has a market capitalization of $283.76 million, a PE ratio of 40.00 and a beta of 1.05.

Zynex (OTCMKTS:ZYXI) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. Zynex had a return on equity of 152.81% and a net margin of 33.33%. The company had revenue of $9.20 million during the quarter, compared to analysts’ expectations of $8.45 million. Equities research analysts anticipate that Zynex Inc. will post 0.28 EPS for the current year.

A number of research firms have recently weighed in on ZYXI. Zacks Investment Research raised Zynex from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. B. Riley reissued a “buy” rating on shares of Zynex in a report on Friday, February 22nd.

Several large investors have recently made changes to their positions in the company. ExodusPoint Capital Management LP purchased a new stake in shares of Zynex in the first quarter valued at $45,000. Sigma Planning Corp purchased a new stake in shares of Zynex in the first quarter valued at $63,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Zynex in the first quarter valued at $118,000. WealthTrust Axiom LLC purchased a new stake in shares of Zynex in the first quarter valued at $132,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Zynex in the first quarter valued at $215,000. 0.05% of the stock is owned by institutional investors and hedge funds.

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About Zynex

Zynex, Inc, a medical technology company, designs, manufactures, and markets electrotherapy medical devices used for pain management and rehabilitation. Its products include NexWave, a dual channel, multi-modality interferential current, transcutaneous electrical nerve stimulation, and neuromuscular electrical stimulation device; NeuroMove, an electromyography triggered electrical stimulation device; and InWave, an electrical stimulation product for the treatment of female urinary incontinence.

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