LRAD Corporation (NASDAQ:GNSS) major shareholder Awm Investment Company, Inc. sold 32,408 shares of the stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $4.81, for a total value of $155,882.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of GNSS stock opened at $4.28 on Friday. LRAD Corporation has a fifty-two week low of $2.01 and a fifty-two week high of $6.10. The firm has a market cap of $141.80 million, a P/E ratio of 85.62 and a beta of 0.54. The business’s 50 day moving average price is $5.04 and its 200-day moving average price is $3.90.
LRAD (NASDAQ:GNSS) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $8.28 million during the quarter, compared to analysts’ expectations of $10.20 million. LRAD had a return on equity of 4.14% and a net margin of 4.40%. On average, research analysts forecast that LRAD Corporation will post 0.14 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of GNSS. Geode Capital Management LLC bought a new stake in shares of LRAD during the 4th quarter valued at about $544,000. Algert Global LLC purchased a new stake in LRAD in the fourth quarter worth about $35,000. Bank of America Corp DE bought a new stake in LRAD during the 4th quarter valued at approximately $43,000. Bank of New York Mellon Corp bought a new stake in LRAD during the 4th quarter valued at approximately $88,000. Finally, Renaissance Technologies LLC purchased a new position in shares of LRAD during the 4th quarter worth approximately $1,385,000. 48.98% of the stock is owned by hedge funds and other institutional investors.
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