LRAD Corp (LRAD) Major Shareholder Awm Investment Company, Inc. Sells 10,800 Shares

LRAD Corp (NASDAQ:LRAD) major shareholder Awm Investment Company, Inc. sold 10,800 shares of the business’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $2.00, for a total value of $21,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of LRAD traded up $0.08, hitting $2.10, on Friday, Marketbeat.com reports. The company had a trading volume of 53,331 shares, compared to its average volume of 41,931. The stock has a market cap of $65.44 million, a PE ratio of 202.00 and a beta of 0.61. The company has a quick ratio of 3.83, a current ratio of 4.70 and a debt-to-equity ratio of 0.01. LRAD Corp has a twelve month low of $1.46 and a twelve month high of $2.58.

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LRAD (NASDAQ:LRAD) last issued its quarterly earnings data on Tuesday, May 15th. The scientific and technical instruments company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $7.87 million during the quarter. LRAD had a negative net margin of 5.84% and a positive return on equity of 1.22%.

A hedge fund recently bought a new stake in LRAD stock. LPL Financial LLC acquired a new stake in LRAD Corp (NASDAQ:LRAD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 90,157 shares of the scientific and technical instruments company’s stock, valued at approximately $224,000. LPL Financial LLC owned 0.28% of LRAD as of its most recent SEC filing. Institutional investors and hedge funds own 46.98% of the company’s stock.

About LRAD

LRAD Corporation designs, develops, and commercializes directed sound technologies and products in North and South America, Europe, the Middle East, Africa, and Asia. It develops directed acoustic communication systems that focus sound over short and long distances. The company offers directional and omnidirectional acoustic systems and accessories.