Modular Medical (NASDAQ:MODD) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Modular Medical (NASDAQ:MODD) announced its quarterly earnings results on Thursday. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01), Zacks reports.

Modular Medical Stock Down 4.3 %

Shares of MODD opened at $1.10 on Friday. The company has a 50 day moving average price of $1.34 and a 200-day moving average price of $1.77. Modular Medical has a fifty-two week low of $1.10 and a fifty-two week high of $2.65.

Insider Transactions at Modular Medical

In other Modular Medical news, Director Manchester Management Co Llc purchased 100,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average price of $1.69 per share, with a total value of $169,000.00. Following the transaction, the director now owns 244,750 shares of the company’s stock, valued at approximately $413,627.50. This trade represents a 69.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders acquired 287,666 shares of company stock valued at $454,279. Company insiders own 20.46% of the company’s stock.

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.