Accuray (NASDAQ:ARAY) announced its earnings results on Tuesday, January 23rd. The medical equipment provider reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.05, Briefing.com reports. The business had revenue of $100.33 million for the quarter, compared to analysts’ expectations of $90.31 million. Accuray had a negative net margin of 6.09% and a negative return on equity of 44.66%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) EPS.
Accuray (ARAY) opened at $5.15 on Thursday. The company has a market cap of $435.00, a PE ratio of -17.76 and a beta of 1.77. Accuray has a one year low of $3.60 and a one year high of $6.15. The company has a current ratio of 1.54, a quick ratio of 0.99 and a debt-to-equity ratio of 2.66.
In other Accuray news, CFO Kevin Waters sold 7,154 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $5.06, for a total value of $36,199.24. Following the completion of the transaction, the chief financial officer now owns 335,087 shares in the company, valued at approximately $1,695,540.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joshua Levine sold 17,093 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $4.86, for a total value of $83,071.98. Following the transaction, the chief executive officer now owns 1,435,428 shares of the company’s stock, valued at $6,976,180.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,413 shares of company stock valued at $129,798. Corporate insiders own 3.90% of the company’s stock.
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Accuray Company Profile
Accuray Incorporated is a radiation oncology company. The Company develops, manufactures and markets medical devices used in radiation therapy for the treatment of cancer patients. Its products include the CyberKnife Systems, the TomoTherapy Systems, and the Radixact Delivery Treatment Platform. Its technologies, the CyberKnife and TomoTherapy Systems, are designed to deliver treatments, including stereotactic radiosurgery (SRS), stereotactic body radiation therapy (SBRT), intensity modulated radiation therapy (IMRT), image guided radiation therapy (IGRT) and adaptive radiation therapy.
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