Atrion (ATRI) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of Atrion (NASDAQ:ATRI) from a strong sell rating to a sell rating in a research report sent to investors on Thursday.

Shares of ATRI opened at $631.30 on Thursday. The company has a market cap of $1,168.73, a P/E ratio of 34.14 and a beta of 0.70. Atrion has a 12-month low of $459.50 and a 12-month high of $694.00.

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Atrion (NASDAQ:ATRI) last issued its earnings results on Tuesday, February 27th. The medical instruments supplier reported $4.66 earnings per share (EPS) for the quarter. The company had revenue of $34.02 million for the quarter. Atrion had a return on equity of 19.53% and a net margin of 24.96%.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, March 14th.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC bought a new stake in Atrion during the 4th quarter valued at approximately $390,000. Millennium Management LLC raised its stake in Atrion by 96.0% during the 4th quarter. Millennium Management LLC now owns 784 shares of the medical instruments supplier’s stock valued at $494,000 after purchasing an additional 384 shares during the period. Stone Ridge Asset Management LLC bought a new stake in Atrion during the 4th quarter valued at approximately $271,000. Deutsche Bank AG raised its stake in Atrion by 19.9% during the 4th quarter. Deutsche Bank AG now owns 8,008 shares of the medical instruments supplier’s stock valued at $5,047,000 after purchasing an additional 1,328 shares during the period. Finally, Advisor Group Inc. raised its stake in Atrion by 11.6% during the 4th quarter. Advisor Group Inc. now owns 992 shares of the medical instruments supplier’s stock valued at $625,000 after purchasing an additional 103 shares during the period. 59.05% of the stock is currently owned by institutional investors.

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Atrion Company Profile

Atrion Corporation (Atrion) is engaged in developing and manufacturing products, primarily for medical applications. The Company’s medical products range from fluid delivery devices to ophthalmic and cardiovascular products. Its fluid delivery products include valves that promote infection control and needle safety.

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