Modular Medical (MODD) to Release Earnings on Tuesday

Modular Medical (NASDAQ:MODD) is anticipated to post its quarterly earnings results before the market opens on Tuesday, February 11th. Analysts expect Modular Medical to post earnings of ($0.12) per share for the quarter.

Modular Medical Stock Performance

Shares of MODD opened at $1.19 on Friday. Modular Medical has a 52 week low of $1.08 and a 52 week high of $2.65. The firm has a market capitalization of $48.40 million, a P/E ratio of -1.89 and a beta of 0.51. The company has a 50-day simple moving average of $1.40 and a 200-day simple moving average of $1.78.

Insiders Place Their Bets

In related news, Director Manchester Management Co Llc acquired 21,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $1.68 per share, for a total transaction of $35,280.00. Following the purchase, the director now owns 265,750 shares in the company, valued at approximately $446,460. This trade represents a 8.58 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders bought 287,666 shares of company stock worth $454,279. 20.46% of the stock is currently owned by company insiders.

Modular Medical Company Profile

Modular Medical, Inc operates as a medical device company. It focuses on the design, development, and commercialization of insulin pumps. It offers MODD1, a two-part patch pump for type-1 and type-2 diabetes. The company is headquartered in San Diego, California.