The EVP of Radnet Inc (NASDAQ: RDNT) is Selling Shares

By Carrie Williams

Yesterday, the EVP of Radnet Inc (RDNTResearch Report), Michael Murdock, sold shares of RDNT for $286.7K.

In addition to Michael Murdock, one other RDNT executive reported Sell trades in the last month.

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Based on Radnet Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $272 million and GAAP net loss of $3.73 million. In comparison, last year the company earned revenue of $231 million and had a GAAP net loss of $7.34 million. RDNT’s market cap is $660.1M and the company has a P/E ratio of 18.06. Currently, Radnet Inc has an average volume of 177.8K.

The insider sentiment on Radnet Inc has been negative according to 21 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Michael Murdock’s trades have generated a -27.6% 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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RadNet, Inc. provides freestanding, fixed-site outpatient diagnostic imaging services in the United States. Its centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders and reduce unnecessary invasive procedures.