A Director at Orthofix (NASDAQ: OFIX) is Buying Shares

Today, a Director at Orthofix (NASDAQ: OFIX), Ronald Matricaria, bought shares of OFIX for $519.7K.

Following Ronald Matricaria’s last OFIX Buy transaction on June 02, 2015, the stock climbed by 19.2%. Following this transaction Ronald Matricaria’s holding in the company was increased by 10.92% to a total of $5.32 million.

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Based on Orthofix’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $109 million and quarterly net profit of $5.23 million. In comparison, last year the company earned revenue of $103 million and had a GAAP net loss of $2.65 million. OFIX’s market cap is $964.3M and the company has a P/E ratio of 68.04. Currently, Orthofix has an average volume of 174.7K.

Starting in May 2017, OFIX received 19 Buy ratings in a row. Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $65.67, reflecting a -20.2% downside. Six different firms, including BTIG and Canaccord Genuity, currently also have a Buy rating on the stock.

Ronald Matricaria’s trades have generated a 6.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Orthofix International NV engages in the research, development, and market of orthopedic solutions. It operates through the following business segments: BioStim, Biologics, Extremity Fixation, and Spine Fixation.

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