Modular Medical, Inc. (NASDAQ:MODD - Get Free Report) CEO Manchester Management Co Llc acquired 166,666 shares of Modular Medical stock in a transaction dated Thursday, November 21st. The stock was bought at an average price of $1.50 per share, for a total transaction of $249,999.00. Following the completion of the transaction, the chief executive officer now directly owns 3,284,743 shares of the company's stock, valued at approximately $4,927,114.50. This represents a 5.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Modular Medical Trading Down 4.8 %
Shares of MODD stock opened at $1.60 on Tuesday. Modular Medical, Inc. has a twelve month low of $1.08 and a twelve month high of $2.65. The company has a market capitalization of $55.31 million, a price-to-earnings ratio of -2.54 and a beta of 0.59. The firm has a 50-day moving average price of $2.20 and a 200 day moving average price of $1.86.
Hedge Funds Weigh In On Modular Medical
Several institutional investors and hedge funds have recently modified their holdings of the company. AWM Investment Company Inc. purchased a new stake in Modular Medical in the 1st quarter worth approximately $1,388,000. Renaissance Technologies LLC acquired a new stake in shares of Modular Medical during the second quarter worth $40,000. Bard Associates Inc. boosted its holdings in shares of Modular Medical by 81.4% during the third quarter. Bard Associates Inc. now owns 1,462,930 shares of the company's stock worth $3,292,000 after purchasing an additional 656,330 shares during the last quarter. Corsair Capital Management L.P. grew its position in shares of Modular Medical by 13.6% in the third quarter. Corsair Capital Management L.P. now owns 537,363 shares of the company's stock valued at $1,209,000 after purchasing an additional 64,393 shares during the period. Finally, Walleye Capital LLC increased its stake in Modular Medical by 299.8% in the third quarter. Walleye Capital LLC now owns 75,418 shares of the company's stock valued at $170,000 after purchasing an additional 56,552 shares during the last quarter. Hedge funds and other institutional investors own 27.47% of the company's stock.
Modular Medical Company Profile
(
Get Free Report)
Did You See Trump’s Bombshell Exec. Order 001?
From Banyan Hill Publishing | Ad
Starting with what I call Exec. Order 001.
It’s a bombshell law that I believe Trump will sign within minutes of stepping into the Oval Office...
I put all the details together for you here — but please hurry.
Modular Medical, Inc operates as a medical device company. It focuses on the design, development, and commercialization of insulin pumps. It offers MODD1, a two-part patch pump for type-1 and type-2 diabetes. The company is headquartered in San Diego, California.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
