Henry R. Lambert Sells 41,500 Shares of PURE Bioscience (PURE) Stock

PURE Bioscience (OTCMKTS:PURE) CEO Henry R. Lambert sold 41,500 shares of the company’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $0.93, for a total transaction of $38,595.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of PURE Bioscience (OTCMKTS:PURE) opened at $0.90 on Monday. The company has a market cap of $61.18, a PE ratio of -8.18 and a beta of -1.48. PURE Bioscience has a 1-year low of $0.83 and a 1-year high of $1.36.

PURE Bioscience (OTCMKTS:PURE) last announced its earnings results on Thursday, December 14th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). The firm had revenue of $0.46 million during the quarter, compared to analysts’ expectations of $0.65 million. PURE Bioscience had a negative net margin of 388.83% and a negative return on equity of 210.88%. analysts expect that PURE Bioscience will post -0.08 earnings per share for the current fiscal year.

Separately, ValuEngine downgraded shares of PURE Bioscience from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th.

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About PURE Bioscience

PURE Bioscience, Inc is focused on developing and commercializing antimicrobial products that provide solutions to the health and environmental challenges of pathogen and hygienic control. The Company’s technology platform is based on stabilized ionic silver and its products contain silver dihydrogen citrate (SDC).

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