Zacks: Atrion Co. (ATRI) Given Consensus Rating of “Strong Sell” by Analysts

Atrion Co. (NASDAQ:ATRI) has received an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation.

Analysts have set a one year consensus target price of $300.00 for the company, according to Zacks. Zacks has also assigned Atrion an industry rank of 222 out of 255 based on the ratings given to its competitors.

Separately, BidaskClub raised shares of Atrion from a “strong sell” rating to a “sell” rating in a report on Thursday, June 21st.

ATRI stock traded down $7.12 during midday trading on Friday, reaching $687.37. 6,441 shares of the company’s stock traded hands, compared to its average volume of 8,037. Atrion has a 52 week low of $516.85 and a 52 week high of $718.11. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 38.15 and a beta of 0.56.

Atrion (NASDAQ:ATRI) last issued its earnings results on Tuesday, August 7th. The medical instruments supplier reported $4.70 earnings per share (EPS) for the quarter. Atrion had a net margin of 22.57% and a return on equity of 17.99%. The business had revenue of $38.85 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a dividend of $1.35 per share. This is a boost from Atrion’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, September 13th. This represents a $5.40 dividend on an annualized basis and a yield of 0.79%.

Hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB bought a new position in shares of Atrion in the first quarter worth $248,000. Principal Financial Group Inc. bought a new position in shares of Atrion in the first quarter worth $249,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Atrion in the second quarter worth $240,000. Chevy Chase Trust Holdings Inc. bought a new position in shares of Atrion in the second quarter worth $300,000. Finally, Bank of Montreal Can bought a new position in shares of Atrion in the second quarter worth $362,000. 61.11% of the stock is currently owned by institutional investors and hedge funds.

Atrion Company Profile

Atrion Corporation develops, manufactures, and sells products for fluid delivery, cardiovascular, and ophthalmology applications worldwide. Its fluid delivery products include valves that fill, hold, and release controlled amounts of fluids or gasses for use in various intubation, intravenous, catheter, and other applications in the anesthesia and oncology fields, as well as promote infection control in hospital and home healthcare environments.

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