Treace Medical Concepts, Inc. (NASDAQ:TMCI – Get Free Report) CEO John Treace bought 29,430 shares of the stock in a transaction on Wednesday, June 10th. The shares were bought at an average price of $4.02 per share, for a total transaction of $118,308.60. Following the acquisition, the chief executive officer owned 7,353,263 shares in the company, valued at $29,560,117.26. The trade was a 0.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Treace Medical Concepts Price Performance
Shares of NASDAQ:TMCI opened at $4.06 on Friday. Treace Medical Concepts, Inc. has a one year low of $1.17 and a one year high of $7.78. The business’s fifty day moving average price is $2.47 and its two-hundred day moving average price is $2.30. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.53 and a current ratio of 3.58. The stock has a market cap of $263.37 million, a PE ratio of -4.19 and a beta of 1.40.
Treace Medical Concepts (NASDAQ:TMCI – Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.03. Treace Medical Concepts had a negative return on equity of 67.04% and a negative net margin of 29.44%.The business had revenue of $47.20 million for the quarter, compared to analysts’ expectations of $45.96 million. On average, analysts forecast that Treace Medical Concepts, Inc. will post -0.88 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on TMCI shares. Wall Street Zen upgraded Treace Medical Concepts from a “strong sell” rating to a “sell” rating in a report on Monday, April 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Treace Medical Concepts in a report on Monday, April 20th. Finally, Lake Street Capital decreased their price objective on Treace Medical Concepts from $7.50 to $7.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Treace Medical Concepts presently has a consensus rating of “Reduce” and an average price target of $4.77.
View Our Latest Stock Analysis on TMCI
Treace Medical Concepts Company Profile
Treace Medical Concepts, Inc is a medical technology company specializing in the development and commercialization of innovative surgical solutions for foot and ankle conditions. The company’s flagship product, the Lapiplasty 3D Bunion Correction System, addresses the underlying joint instability that causes bunion deformity through a patented, multi-plane correction approach. The system combines proprietary instrumentation, fixation plates, and a comprehensive surgical protocol designed to improve patient outcomes and reduce recurrence rates.
The Lapiplasty System has received clearance from the U.S.
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