Modular Medical, Inc. (NASDAQ:MODD) Director Manchester Management Co Llc Acquires 100,000 Shares

Modular Medical, Inc. (NASDAQ:MODD - Get Free Report) Director Manchester Management Co Llc bought 100,000 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $1.69 per share, for a total transaction of $169,000.00. Following the transaction, the director now owns 244,750 shares in the company, valued at $413,627.50. The trade was a 69.08 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Manchester Management Co Llc also recently made the following trade(s):

• On Thursday, November 21st, Manchester Management Co Llc bought 166,666 shares of Modular Medical stock. The stock was purchased at an average price of $1.50 per share, with a total value of $249,999.00.

Modular Medical Price Performance

Modular Medical stock traded up $0.06 during trading hours on Friday, hitting $1.70. 158,985 shares of the stock traded hands, compared to its average volume of 233,707. Modular Medical, Inc. has a 1 year low of $1.08 and a 1 year high of $2.65. The firm's 50 day moving average price is $2.14 and its 200-day moving average price is $1.85. The stock has a market capitalization of $58.97 million, a price-to-earnings ratio of -2.70 and a beta of 0.59.

Institutional Investors Weigh In On Modular Medical

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in shares of Modular Medical in the second quarter worth approximately $40,000. Virtu Financial LLC acquired a new position in shares of Modular Medical in the 3rd quarter valued at $44,000. Walleye Capital LLC grew its stake in shares of Modular Medical by 299.8% during the 3rd quarter. Walleye Capital LLC now owns 75,418 shares of the company's stock valued at $170,000 after buying an additional 56,552 shares during the period. State Street Corp increased its holdings in shares of Modular Medical by 285.8% during the 3rd quarter. State Street Corp now owns 76,000 shares of the company's stock worth $171,000 after buying an additional 56,300 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Modular Medical by 45.0% in the 3rd quarter. Geode Capital Management LLC now owns 306,440 shares of the company's stock worth $690,000 after buying an additional 95,072 shares during the period. Institutional investors and hedge funds own 27.47% 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.