Examworks Group (EXAM) is Downgraded by Needham to Hold

Examworks Group (EXAM) was Downgraded by Needham to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Needham advised their investors in a research report released on May 23, 2016.

On the company’s financial health, Examworks Group reported $0.08 EPS for the quarter, based on the information available during the earnings call on May 10, 2016. Analyst had a consensus estimate of $0.08. The company had revenue of $226.50 million for the quarter, compared to analysts expectations of $217.47 million. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Examworks Group closed down -0.26 points or -0.74% at $34.79 with 25,39,969 shares getting traded on Friday. Post opening the session at $35.09, the shares hit an intraday low of $34.74 and an intraday high of $35.14 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 10, 2016, Clare Arguedas (GC, EVP and Secretary) sold 3,827 shares at $28.43 per share price. According to the SEC, on Mar 10, 2016, Wesley Campbell (President) sold 6,805 shares at $28.43 per share price. On Mar 10, 2016, Crystal B. Patmore (Executive Vice President) sold 8,507 shares at $28.43 per share price, according to the Form-4 filing with the securities and exchange commission.

ExamWorks Group Inc. (ExamWorks) provides independent medical examinations (IMEs) peer reviews bill reviews Medicare compliance case management and other related services (IME services or the IME industry). The Company has four geographic segments: the United States Canada the United Kingdom and Australia. It provides most of IME services through its medical panel of independently contracted credentialed physicians and other medical providers. Its clients include property and casualty insurance carriers law firms third-party claim administrators and government agencies that use independent services to confirm the veracity of claims by sick or injured individuals and to facilitate the delivery and quality of cost-effective care for workers’ compensation automotive personal injury liability and disability insurance coverage. The Company helps its clients manage costs and enhance their risk management and compliance processes.

Examworks Group

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