Abaxis Inc (ABAX) Files Form 4 Insider Selling : Henk Evenhuis Sells 3,000 Shares

Abaxis Inc (ABAX): Henk Evenhuis , director of Abaxis Inc sold 3,000 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $45.00 per share for a total value of $135,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 11, 2016, Vernon E Altman (director) purchased 303 shares at $39.87 per share price.On Dec 10, 2015, Craig Tockman (VP-Sales & Mktg, Animal Health) sold 560 shares at $54.44 per share price.Also, On Jun 2, 2015, Henk Evenhuis (director) sold 2,000 shares at $53.29 per share price.On Feb 10, 2015, Prithipal Singh (director) sold 2,500 shares at $60.50 per share price.

Shares of Abaxis Inc (ABAX) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.69 points or -1.53% at $44.41 with 2,13,083 shares getting traded. Post opening the session at $45.31, the shares hit an intraday low of $44.02 and an intraday high of $45.31 and the price vacillated in this range throughout the day. The company has a market cap of $1,006 M and the number of outstanding shares has been calculated to be 2,26,42,000 shares. The 52-week high of Abaxis Inc is $58.15 and the 52-week low is $37.71.

Abaxis Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Abaxis Inc is Reiterated by Canaccord Genuity to Hold while Lowering the Price Target of the company shares to $ 42 from a previous price target of $47 . The Rating was issued on Apr 1, 2016.

Abaxis Inc. is a developer manufacturer and marketer of portable blood analysis systems that are used in medical specialties in human or veterinary patient care to provide clinicians with blood constituent measurements. The Company operates through the two segments: the medical market and the veterinary market. The Company’s medical market customer group consists of physicians’ office practices across multiple specialties urgent care outpatient and walk-in clinics health screening operations home care providers and nursing homes. The Company’s medical market products include: Piccolo chemistry analyzers and consumable products. The Company’s veterinary market product offerings include VetScan chemistry analyzers and veterinary reagent discs VetScan hematology instruments and related reagent kits VetScan VSpro specialty analyzers and related consumables VetScan i-STAT analyzers and related consumables and VetScan rapid tests.

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