Modular Medical Inc (NASDAQ:MODD) shares traded 12.93% higher at $2.21 on Wall Street last session.
MODD stock price is now 37.10% away from the 50-day moving average and 33.68% away from the 200-day moving average. The market capitalization of the company currently stands at $71.96M.
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In other news, Sheibley Philip Brent, Director bought 15,000 shares of the company’s stock on Aug 19 ’24. The stock was bought for $25,350 at an average price of $1.69. Upon completion of the transaction, the Director now directly owns 66,139 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16 ’24, Director by Deputization MANCHESTER MANAGEMENT CO LLC bought 900,000 shares of the business’s stock. A total of $990,000 was incurred on buying the stock at an average price of $1.10. This leaves the insider owning 3,118,227 shares of the company worth $6.89 million. A total of 10.72% of the company’s stock is owned by insiders.
During the past 12 months, Modular Medical Inc has had a low of $0.92 and a high of $2.22. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 4.03, and a quick ratio of 4.03. The fifty day moving average price for MODD is $1.61204 and a two-hundred day moving average price translates $1.653265 for the stock.
The latest earnings results from Modular Medical Inc (NASDAQ: MODD) was released for 2024-06-30. The company reported revenue of $4.22 million for the quarter, compared to $3.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.5 percent.
