ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) Downgraded by Zacks Investment Research to “Hold”

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, January 3rd.

According to Zacks, “Cantel Medical Corporation is a global company dedicated to delivering innovative infection prevention products and services for patients, caregivers, and other healthcare providers, which improve outcomes and help save lives. Through an expansive portfolio of endoscopy, water purification and filtration, and healthcare disposables, Cantel Medical provides high-quality infection prevention solutions and unsurpassed service, touching millions of patients each year around the world. Cantel Medical is a leading provider of infection prevention products and services in the healthcare market. Cantel Medical specializing in the Endoscopy procedure disposables includes single-use valves and irrigation tubing. Medical device reprocessing systems, disinfectants, detergents and other supplies are used to disinfect high-level endoscopes. “

A number of other equities analysts have also issued reports on CMD. Raymond James Financial reissued a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a report on Monday, December 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research note on Thursday, December 7th.

Shares of ProShares UltraShort DJ-UBS Commodity (NYSEARCA CMD) traded up $0.51 during trading on Wednesday, hitting $80.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.31 and a quick ratio of 1.36. ProShares UltraShort DJ-UBS Commodity has a one year low of $37.21 and a one year high of $86.30.

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last announced its quarterly earnings results on Thursday, December 7th. The medical instruments supplier reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. ProShares UltraShort DJ-UBS Commodity had a return on equity of 16.70% and a net margin of 9.02%. The business had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $207.72 million. During the same period in the prior year, the firm earned $0.51 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis.

In other news, insider Seth M. Yellin sold 1,000 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $103.58, for a total value of $103,580.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark N. Diker sold 5,000 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $111.77, for a total value of $558,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 77,956 shares of company stock valued at $8,137,495 in the last quarter. Insiders own 14.90% of the company’s stock.

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ProShares UltraShort DJ-UBS Commodity Company Profile

ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.

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