Heska Corporation (NASDAQ:HSKA) stock observed trading -52.96% off 52-week high price. On the other end, the stock has been noted 4.34% away from low price over the last 52-weeks. The stock disclosed a move of -41.21% away from 50 day moving average and -37.86% away from 200 day moving average. Moving closer, we can see that shares have been trading -25.47% off 20-day moving average. It has market cap of $446.05M.
On April 1, 2020, Heska Corporation (NASDAQ:HSKA) a provider of advanced veterinary diagnostic and specialty products, reported the completion of the acquisition of scil animal care company GmbH (scil) from Covetrus for US $110 million in cash, subject to customary closing adjustments (NASDAQ: CVET; Covetrus) (the Acquisition). The Acquisition, which was first announced on January 14, 2020, represents a key milestone in the Company’s long-term strategic plan. scil has been a proven European leader since 1998 in providing veterinary point-of-care laboratory and imaging diagnostics, with headquarters in Germany and operations in France, Italy, Spain and Canada. This acquisition creates a leading global veterinary diagnostics company, servicing millions of pets through tens of thousands of veterinarians and active point of care analyzers around the world. Through this combination, Heska expects to1:
- reach over 25 countries and win a top three position in key markets by capturing market share of: the United States (≈12.5%), Canada (≈13%), Germany (≈40%), Spain (≈40%), France (≈30%), and Italy (≈19%), and to leverage a strong and growing presence in the Czech Republic, the Netherlands, Poland, the United Kingdom, Australia, Latin America and Malaysia;
- be staffed by over 500 total employees, with direct sales teams in 10 countries spanning Europe, North America and Australia;
- derive 92% of its sales in Core Companion Animal, with an estimated 2020 sales mix of Laboratory (≈55%), Imaging (≈25%), Other CCA (≈12%), and Other Vaccines and Pharma (≈8%); and
- deliver a favorable geographic sales diversity across North America (≈67%) and greater Europe (≈33%).
The USA based company Heska Corporation moved with change of -5.66% to $52.17 with the total traded volume of 143979 shares in recent session versus to an average volume of 82.97K. The stock was observed in the 5 days activity at -12.17%. The one month performance of stock was -45.46%. HSKA’s shares are at -45.62% for the quarter and driving a -37.80% return over the course of the past year and is now at -45.62% since this point in 2018. Right now the stock beta is 1.54. The average volatility for the week and month was at 13.64% and 14.05% respectively. There are 8.55M shares outstanding and 7.23M shares are floated in market.
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