Treace Medical Concepts, Inc. (NASDAQ:TMCI) CEO John T. Treace sold 56,000 shares of the firm’s stock in a transaction on Wednesday, November 24th. The stock was sold at an average price of $17.84, for a total transaction of $999,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Treace Medical Concepts stock opened at $17.94 on Thursday. Treace Medical Concepts, Inc. has a 1-year low of $16.57 and a 1-year high of $37.17. The firm’s fifty day moving average price is $24.16 and its two-hundred day moving average price is $27.61. The company has a quick ratio of 13.50, a current ratio of 12.62 and a debt-to-equity ratio of 0.30.
Treace Medical Concepts (NASDAQ:TMCI) last released its quarterly earnings data on Thursday, November 4th. The company reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). Analysts anticipate that Treace Medical Concepts, Inc. will post -0.3 earnings per share for the current fiscal year.
Separately, SVB Leerink reduced their price target on shares of Treace Medical Concepts from $38.00 to $32.00 and set an “outperform” rating for the company in a report on Friday, November 5th.
About Treace Medical Concepts
Treace Medical Concepts, Inc, an orthopedic medical device company, engages in the design, manufacture, and marketing of device and/or biologic solutions for foot and ankle surgeons in the United States. It offers Lapiplasty procedure that allows podiatric surgeons to treat all three dimensions of the bunion, providing patients with a cosmetic and medical improvement.
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