Profound Medical Corp. (TSE:PRN - Get Free Report) traded down 2.9% during trading on Monday . The stock traded as low as C$9.14 and last traded at C$9.27. 9,809 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 19,005 shares. The stock had previously closed at C$9.55.
Profound Medical Stock Down 2.9%
The company's 50 day simple moving average is C$8.78 and its 200-day simple moving average is C$9.23. The company has a current ratio of 12.52, a quick ratio of 14.98 and a debt-to-equity ratio of 7.09. The firm has a market cap of C$336.45 million, a P/E ratio of -6.57 and a beta of 1.07.
Profound Medical (TSE:PRN - Get Free Report) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.37 EPS for the quarter. The firm had revenue of C$8.00 million during the quarter. Profound Medical had a negative net margin of 248.45% and a negative return on equity of 85.73%. Research analysts forecast that Profound Medical Corp. will post -1.9000001 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Dr. Arun Menawat bought 20,000 shares of the firm's stock in a transaction on Friday, March 20th. The stock was acquired at an average cost of C$6.96 per share, for a total transaction of C$139,200.00. Following the purchase, the director owned 658,660 shares in the company, valued at approximately C$4,584,273.60. This represents a 3.13% increase in their ownership of the stock. Corporate insiders own 8.62% of the company's stock.
Profound Medical Company Profile
(
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Profound Medical Corp., together with its subsidiaries, operates as a commercial-stage medical device company that develops and markets incision-free therapeutic systems for the image guided ablation of diseased tissue in Canada, Germany, the United States, and Finland. Its lead product TULSA-PRO system combines magnetic resonance imaging(MRI), robotically-driven transurethral sweeping action/thermal ultrasound and closed-loop temperature feedback control to provide precise, flexible, and durable ablation of a surgeon defined region of prostate and protect the urethra and rectum.
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