Mercury Systems Inc (NASDAQ:MRCY) Director Vincent Vitto sold 8,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $52.04, for a total value of $442,340.00. Following the completion of the transaction, the director now directly owns 79,539 shares of the company’s stock, valued at approximately $4,139,209.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Mercury Systems Inc (MRCY) traded up $0.11 on Wednesday, hitting $50.97. The stock had a trading volume of 205,200 shares, compared to its average volume of 410,639. Mercury Systems Inc has a fifty-two week low of $29.31 and a fifty-two week high of $54.49. The firm has a market cap of $2,453.56, a PE ratio of 54.69, a PEG ratio of 4.23 and a beta of 0.23.
Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, October 24th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.11. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The business had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $105.18 million. During the same period in the prior year, the firm posted $0.22 EPS. Mercury Systems’s quarterly revenue was up 21.1% compared to the same quarter last year. equities analysts expect that Mercury Systems Inc will post 1.08 EPS for the current year.
Several equities analysts have commented on MRCY shares. SunTrust Banks reaffirmed a “buy” rating and issued a $51.00 price target on shares of Mercury Systems in a report on Monday, October 2nd. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $48.00 price target on shares of Mercury Systems in a report on Tuesday, October 24th. Finally, Zacks Investment Research cut Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $51.17.
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About Mercury Systems
Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.
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