Span-America Medical Systems Inc. (NASDAQ:SPAN) CFO Richard C. Coggins sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $18.22, for a total value of $18,220.00. Following the completion of the transaction, the chief financial officer now owns 33,650 shares in the company, valued at approximately $613,103. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Span-America Medical Systems Inc. (NASDAQ:SPAN) opened at 18.70 on Tuesday. The stock has a market cap of $51.52 million, a P/E ratio of 12.76 and a beta of 0.29. The firm has a 50-day moving average price of $18.06 and a 200-day moving average price of $18.15. Span-America Medical Systems Inc. has a 52 week low of $16.92 and a 52 week high of $20.00.
Span-America Medical Systems (NASDAQ:SPAN) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.34 EPS for the quarter. The firm had revenue of $15.30 million for the quarter, compared to analyst estimates of $15.80 million. Span-America Medical Systems had a return on equity of 18.82% and a net margin of 6.78%. On average, equities research analysts predict that Span-America Medical Systems Inc. will post $0.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Tuesday, August 16th were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $0.64 dividend on an annualized basis and a yield of 3.42%. Span-America Medical Systems’s payout ratio is 43.54%.
About Span-America Medical Systems
SpanAmerica Medical Systems, Inc (Span-America) manufactures therapeutic support surfaces, medical bed frames, patient positioners, mattress overlays and wheelchair cushions for the medical market. The Company also manufactures foam mattress pads and pillows for the consumer bedding market, as well as a range of foam products for the industrial market.
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