18,340 Shares in Modular Medical, Inc. (NASDAQ:MODD) Purchased by Navigation Wealth Management Inc.

Navigation Wealth Management Inc. bought a new position in shares of Modular Medical, Inc. (NASDAQ:MODD) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,340 shares of the company’s stock, valued at approximately $34,000. Modular Medical makes up about 13.8% of Navigation Wealth Management Inc.’s holdings, making the stock its 2nd biggest holding. Navigation Wealth Management Inc. owned 0.08% of Modular Medical as of its most recent filing with the Securities and Exchange Commission.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a “speculative buy” rating and issued a $5.00 price objective on shares of Modular Medical in a research report on Thursday, March 21st.

Modular Medical Stock Performance

NASDAQ:MODD traded down $0.14 during trading hours on Thursday, reaching $1.40. The stock had a trading volume of 228,725 shares, compared to its average volume of 47,399. Modular Medical, Inc. has a 12-month low of $0.86 and a 12-month high of $2.22. The stock has a 50 day simple moving average of $1.62 and a 200 day simple moving average of $1.70. The stock has a market cap of $45.56 million, a P/E ratio of -1.79 and a beta of 0.52.

About Modular Medical

Modular Medical, Inc operates as a development stage medical device company. It focuses on the design, development, and commercialization of insulin pumps. It offers MODD1, a two-part patch pump for diabetes. The company was founded in 1998 and is headquartered in San Diego, California.