ProShares UltraShort DJ-UBS Commodity (CMD) Stock Rating Lowered by Zacks Investment Research

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 24th.

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. “

Several other brokerages have also commented on CMD. Raymond James Financial restated a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research report on Monday, December 4th. Needham & Company LLC restated a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research report on Thursday, December 7th.

Shares of ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) traded up $0.08 during mid-day trading on Wednesday, hitting $114.53. The stock had a trading volume of 105,736 shares, compared to its average volume of 132,465. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.26. ProShares UltraShort DJ-UBS Commodity has a 12 month low of $69.21 and a 12 month high of $116.79.

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

In other ProShares UltraShort DJ-UBS Commodity news, Director George L. Fotiades sold 5,700 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $101.09, for a total value of $576,213.00. Following the transaction, the director now owns 94,366 shares in the company, valued at $9,539,458.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles M. Diker sold 12,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $100.53, for a total value of $1,206,360.00. Following the completion of the transaction, the chairman now owns 3,078,256 shares in the company, valued at approximately $309,457,075.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,956 shares of company stock worth $8,137,495. Corporate 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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