25,400 Shares in Modular Medical, Inc. (NASDAQ:MODD) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new position in shares of Modular Medical, Inc. (NASDAQ:MODD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,400 shares of the company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned 0.08% of Modular Medical at the end of the most recent quarter.

Separately, AWM Investment Company Inc. bought a new stake in Modular Medical during the 1st quarter worth approximately $1,388,000. 27.47% of the stock is owned by institutional investors and hedge funds.

Modular Medical Price Performance

Shares of NASDAQ:MODD opened at $2.17 on Tuesday. The company’s fifty day moving average price is $2.01 and its 200-day moving average price is $1.74. The firm has a market capitalization of $70.61 million, a price-to-earnings ratio of -2.78 and a beta of 0.59. Modular Medical, Inc. has a one year low of $0.98 and a one year high of $2.65.

Modular Medical (NASDAQ:MODD) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.08.

Insider Activity

In related news, Director Philip Brent Sheibley acquired 15,000 shares of the stock in a transaction dated Monday, August 19th. The shares were purchased at an average price of $1.69 per share, for a total transaction of $25,350.00. Following the transaction, the director now owns 66,139 shares in the company, valued at $111,774.91. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 32.34% of the company’s stock.

Modular Medical Company Profile

Modular Medical, Inc operates as a medical device company. It focuses on the design, development, and commercialization of insulin pumps. It offers MODD1, a two-part patch pump for type-1 and type-2 diabetes. The company is headquartered in San Diego, California.