15% Of This Zylox-Tonbridge Medical Technology Insider's Holdings Were Sold
From what we can see, insiders were net sellers in Zylox-Tonbridge Medical Technology Co., Ltd.'s (HKG:2190 ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
The Last 12 Months Of Insider Transactions At Zylox-Tonbridge Medical Technology
The insider, Shengping Zhong, made the biggest insider sale in the last 12 months. That single transaction was for HK$48m worth of shares at a price of HK$24.00 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of HK$19.26. So it is hard to draw any strong conclusion from it. Shengping Zhong was the only individual insider to sell over the last year.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
View our latest analysis for Zylox-Tonbridge Medical Technology
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Does Zylox-Tonbridge Medical Technology Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Zylox-Tonbridge Medical Technology insiders own 17% of the company, worth about HK$1.1b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Zylox-Tonbridge Medical Technology Insider Transactions Indicate?
There haven't been any insider transactions in the last three months -- that doesn't mean much. It's heartening that insiders own plenty of stock, but we'd like to see more insider buying, since the last year of Zylox-Tonbridge Medical Technology insider transactions don't fill us with confidence. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
But note: Zylox-Tonbridge Medical Technology may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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