John Patrick Moylan, the Chief Accounting Officer of Neogen Corporation (NASDAQ:NEOG), purchased 10,000 shares, indicating insider confidence.
NEOG reported earnings of $0.10 per share for the third quarter of fiscal 2025, missing the Zacks Consensus Estimate.
Neogen Corporation, listed on the NASDAQ as NEOG, is a company that specializes in providing products and services for food and animal safety. The company operates in a competitive market, with rivals like Bio-Rad Laboratories and Thermo Fisher Scientific. On April 10, 2025, John Patrick Moylan, the Chief Accounting Officer, made a significant move by purchasing 10,000 shares of NEOG’s common stock at $5.07 each.
Despite this insider purchase, NEOG’s stock has faced challenges. The company’s third-quarter fiscal 2025 earnings report revealed earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.13. This performance also marked a decline from the previous year’s $0.12 per share, raising concerns among investors and contributing to the stock’s decline.
The price-to-sales ratio is 1.33, suggesting that investors are willing to pay $1.33 for every dollar of sales. The enterprise value to sales ratio is 1.19, reflecting the company’s valuation relative to its sales.
NEOG maintains a strong liquidity position with a current ratio of 3.91. This indicates that the company’s current assets significantly exceed its current liabilities, providing a buffer against short-term financial obligations. However, the enterprise value to operating cash flow ratio is high at 57.70, suggesting that the company’s valuation is high compared to its cash flow from operations.