Accuray Incorporated (NASDAQ:ARAY) CEO Joshua Levine sold 6,604 shares of Accuray stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $4.54, for a total value of $29,982.16. Following the sale, the chief executive officer now directly owns 1,033,593 shares in the company, valued at $4,692,512.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of ARAY traded up $0.10 during mid-day trading on Friday, reaching $4.35. The company had a trading volume of 567,043 shares, compared to its average volume of 879,263. The company has a quick ratio of 1.00, a current ratio of 1.71 and a debt-to-equity ratio of 2.97. Accuray Incorporated has a 52 week low of $3.16 and a 52 week high of $5.40. The stock has a market cap of $379.64 million, a P/E ratio of -15.54 and a beta of 2.07.
Accuray (NASDAQ:ARAY) last issued its quarterly earnings results on Tuesday, April 23rd. The medical equipment provider reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Accuray had a negative return on equity of 25.96% and a negative net margin of 3.85%. The firm had revenue of $103.22 million for the quarter, compared to analysts’ expectations of $104.02 million. On average, equities analysts anticipate that Accuray Incorporated will post -0.16 EPS for the current year.
Several analysts have weighed in on the company. BTIG Research reaffirmed a “hold” rating on shares of Accuray in a research report on Wednesday. BidaskClub raised Accuray from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research cut Accuray from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $5.13.
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Accuray Incorporated designs, develops, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the body. The company offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of various types of cancer and tumors in the body.
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