Insider Buying: Nocera (NASDAQ:NCRA) Major Shareholder Acquires $12,368.70 in Stock

Nocera, Inc. (NASDAQ:NCRA) major shareholder Financial Lp Hrt acquired 137,430 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were bought at an average price of $0.09 per share, for a total transaction of $12,368.70. Following the completion of the purchase, the insider owned 1,759,862 shares in the company, valued at approximately $158,387.58. This represents a 8.47% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Friday, June 26th, Financial Lp Hrt sold 95,466 shares of Nocera stock. The stock was sold at an average price of $0.10, for a total transaction of $9,546.60.
• On Tuesday, June 23rd, Financial Lp Hrt sold 12,188 shares of Nocera stock. The stock was sold at an average price of $0.11, for a total transaction of $1,340.68.
• On Wednesday, June 24th, Financial Lp Hrt sold 80,661 shares of Nocera stock. The shares were sold at an average price of $0.10, for a total transaction of $8,066.10.

Nocera Stock Up 7.0%

Shares of NCRA traded up $0.01 during trading hours on Monday, reaching $0.11. 2,045,031 shares of the stock traded hands, compared to its average volume of 7,214,114. Nocera, Inc. has a 52 week low of $0.09 and a 52 week high of $2.40. The company has a market cap of $1.62 million, a price-to-earnings ratio of -0.48 and a beta of 1.72. The stock has a fifty day simple moving average of $0.19 and a 200 day simple moving average of $0.42. The company has a current ratio of 8.00, a quick ratio of 8.00 and a debt-to-equity ratio of 0.01.

Nocera (NASDAQ:NCRA) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. Nocera had a negative return on equity of 207.32% and a negative net margin of 44.02%.The firm had revenue of $2.28 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nocera in a report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nocera presently has an average rating of “Sell”.

Nocera Company Profile

Nocera, Inc, together with its subsidiaries, designs, develops, and produces recirculating aquaculture systems for fish farms in Taiwan. The company also offers consulting, technology transfer, and aquaculture project management services to new and existing aquaculture management business services. In addition, the company sells signature seafood porridge bowl through its flagship bento box store. The company was founded in 2014 and is headquartered in New Taipei City, Taiwan.