ProPhase Labs, Inc. (PRPH) Director Jason Michael Barr Sells 4,379 Shares
ProPhase Labs, Inc. (NASDAQ:PRPH) Director Jason Michael Barr sold 4,379 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $2.30, for a total transaction of $10,071.70. Following the transaction, the director now owns 7,721 shares in the company, valued at approximately $17,758.30. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of ProPhase Labs, Inc. (NASDAQ:PRPH) opened at 2.14 on Tuesday. The firm has a market cap of $34.60 million, a price-to-earnings ratio of 0.89 and a beta of 0.02. ProPhase Labs, Inc. has a 1-year low of $1.78 and a 1-year high of $2.45. The company has a 50 day moving average of $2.23 and a 200 day moving average of $2.08.
ProPhase Labs (NASDAQ:PRPH) last posted its quarterly earnings data on Friday, August 11th. The company reported ($0.09) EPS for the quarter. ProPhase Labs had a return on equity of 54.87% and a net margin of 270.98%. The business had revenue of $1.91 million for the quarter.
ProPhase Labs announced that its board has initiated a stock repurchase program on Tuesday, August 15th that authorizes the company to buyback 4,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through a tender offer. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
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About ProPhase Labs
ProPhase Labs, Inc manufactures, markets and distributes a range of homeopathic and healthcare products. The Company is engaged in the research and development of over-the-counter (OTC) drugs and natural base health products, including supplements, personal care and cosmeceutical products. The Company’s products include TK Supplements and ORXx Complete.
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