Conversion Labs Inc (OTCMKTS:CVLB) CEO Justin Schreiber Purchases 75,000 Shares

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Conversion Labs Inc (OTCMKTS:CVLB) CEO Justin Schreiber purchased 75,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of $0.17 per share, with a total value of $12,750.00.

Justin Schreiber also recently made the following trade(s):

  • On Thursday, November 7th, Justin Schreiber purchased 49,487 shares of Conversion Labs stock. The shares were purchased at an average price of $0.17 per share, with a total value of $8,412.79.
  • On Wednesday, October 30th, Justin Schreiber purchased 74,128 shares of Conversion Labs stock. The shares were purchased at an average price of $0.16 per share, with a total value of $11,860.48.

OTCMKTS:CVLB traded up $0.01 on Monday, hitting $0.17. 212,171 shares of the stock were exchanged, compared to its average volume of 85,037. Conversion Labs Inc has a fifty-two week low of $0.08 and a fifty-two week high of $0.21. The stock has a fifty day moving average of $0.16 and a 200-day moving average of $0.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.27 and a current ratio of 0.57.

Conversion Labs (OTCMKTS:CVLB) last posted its earnings results on Tuesday, August 20th. The company reported ($0.02) earnings per share for the quarter. Conversion Labs had a negative net margin of 27.79% and a negative return on equity of 959.40%. The company had revenue of $2.70 million for the quarter.

Separately, ValuEngine upgraded Conversion Labs from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Conversion Labs Company Profile

Conversion Labs, Inc, an Internet-based direct response marketing company, licenses, acquires, creates, and sells various products to consumers worldwide. Its products include Shapiro MD, a shampoo, conditioner, and leave-in foamer for thicker fuller hair; iNR Wellness MD, a nutritional supplement for immune support; and PDF Simpli, a PDF conversion software.

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