Modular Medical (NASDAQ:MODD) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Modular Medical (NASDAQ:MODD) issued its earnings results on Thursday. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01), Zacks reports.

Modular Medical Trading Down 1.3 %

Modular Medical stock traded down $0.02 during mid-day trading on Friday, hitting $1.14. The company had a trading volume of 63,548 shares, compared to its average volume of 68,656. The company has a market capitalization of $46.16 million, a price-to-earnings ratio of -1.80 and a beta of 0.51. Modular Medical has a 12-month low of $1.10 and a 12-month high of $2.65. The company’s fifty day moving average is $1.36 and its 200-day moving average is $1.77.

Insider Activity

In other Modular Medical news, Director Manchester Management Co Llc purchased 100,000 shares of Modular Medical stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of $1.69 per share, with a total value of $169,000.00. Following the acquisition, the director now owns 244,750 shares of the company’s stock, valued at $413,627.50. This trade represents a 69.08 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders bought a total of 287,666 shares of company stock valued at $454,279 in the last three months. 20.46% of the stock is currently owned by corporate insiders.

About Modular Medical

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.