Alphatec Holdings Inc(NASDAQ:ATEC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $27.090M. Analysts estimated a revenue of $43.790M. The revenues were -38.14% below the estimates. Earnings per share were $-1.21.
Alphatec Holdings Inc (ATEC) shares turned negative on Fridays trading session with the shares closing down -0.13 points or -3.94% at a volume of 1,28,657. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.32. The peak price level was also seen at $3.32 while the days lowest was $3.15. Finally the shares closed at $3.17. The 52-week high of the shares is $9.65 while the 52-week low is $2.160008. According to the latest information available, the market cap of the company is $29 M.
Several Insider Transactions has been reported to the SEC. On Dec 19, 2016, Terry Rich (CEO) purchased 2,500 shares at $4.26 per share price.Also, On Dec 1, 2016, John Foster (10% owner) sold 17,533 shares at $5.30 per share price.On Aug 24, 2015, Michael Joseph Plunkett (COO) purchased 30,000 shares at $0.73 per share price, according to the Form-4 filing with the securities and exchange commission.
Alphatec Holdings Inc. is a medical technology company. The Company is focused on the design development manufacturing and marketing of products for the surgical treatment of spine disorders. Its product portfolio and pipeline address the cervical thoracolumbar and intervertebral regions of the spine and covers major spinal disorders and surgical procedures. Its principal product offerings are focused on the global market for orthopedic spinal disorder solutions. In addition to the United States operations the Company also markets its products in international markets via a direct salesforce in Italy and the United Kingdom and via independent distributors in the rest of Europe the Middle East and Africa. In South America and Latin America the Company conducts its operations through its Brazilian subsidiary. In Asia the Company markets its products via a direct sales force and independent distributors and through distributors in other parts of Asia and Australia.