MYOS Co. (MYOS) Director Christopher Pechock Purchases 34,247 Shares

MYOS Co. (NASDAQ:MYOS) Director Christopher Pechock acquired 34,247 shares of the stock in a transaction dated Wednesday, March 27th. The shares were bought at an average price of $1.46 per share, with a total value of $50,000.62. Following the completion of the transaction, the director now directly owns 257,157 shares of the company’s stock, valued at $375,449.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of MYOS remained flat at $$1.40 during mid-day trading on Friday. The stock had a trading volume of 5,613 shares, compared to its average volume of 34,792. MYOS Co. has a 52 week low of $1.04 and a 52 week high of $2.50. The company has a market capitalization of $12.83 million, a P/E ratio of -3.11 and a beta of 0.64.

Separately, ValuEngine downgraded MYOS from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th.

Several institutional investors and hedge funds have recently modified their holdings of the company. Murphy Capital Management Inc. bought a new position in shares of MYOS during the first quarter worth about $32,000. Virtu Financial LLC bought a new stake in MYOS in the fourth quarter worth approximately $42,000. Pinnacle Associates Ltd. bought a new stake in MYOS in the fourth quarter worth approximately $172,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new stake in MYOS in the fourth quarter worth approximately $172,000. Institutional investors own 4.71% of the company’s stock.

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About MYOS

MYOS RENS Technology Inc, a bionutrition and biotherapeutics company, focuses on the discovery, development, and commercialization of nutritional and therapeutic products for maintaining and enhancing the health and performance of muscle tissue. The company primarily focuses on developing the products that enhance muscle health and function essential to the management of sarcopenia, cachexia, and degenerative muscle diseases, and as an adjunct to the treatment of obesity.

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