Joint Corp (JYNT) Director Sells $22,860.00 in Stock
Joint Corp (NASDAQ:JYNT) Director Ronald V. Davella sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $7.62, for a total value of $22,860.00. Following the sale, the director now owns 15,797 shares in the company, valued at approximately $120,373.14. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of NASDAQ:JYNT opened at $7.65 on Friday. The company has a market capitalization of $101.50 million, a price-to-earnings ratio of -30.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36. Joint Corp has a 52-week low of $4.67 and a 52-week high of $9.64.
Joint (NASDAQ:JYNT) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $8.06 million during the quarter, compared to the consensus estimate of $7.98 million. Joint had a negative return on equity of 21.00% and a negative net margin of 2.68%. Equities research analysts anticipate that Joint Corp will post 0.06 earnings per share for the current year.
JYNT has been the topic of several recent research reports. Roth Capital reiterated a “buy” rating on shares of Joint in a report on Friday, August 10th. Zacks Investment Research upgraded Joint from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a report on Wednesday, August 15th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $10.58.
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Joint Company Profile
The Joint Corp. develops, owns, operates, supports, and manages chiropractic clinics in the United States. It operates through direct ownership, management arrangements, franchising, and the sale of regional developer rights. As of August 9, 2018, the company operated approximately 400 clinics. The company was founded in 2010 and is headquartered in Scottsdale, Arizona.
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