Medidata Solutions, Inc (NASDAQ:MDSO) spotted trading -7.76% off 52-week high price. On the other end, the stock has been noted 51.33% away from the low price over the last 52-weeks. The stock changed -0.36% to recent value of $90.95. The stock transacted 2694913 shares during most recent day however it has an average volume of 1201.6K shares. The company has 62.32M of outstanding shares and 59.85M shares were floated in the market.  

On June 18, 2019,  WeissLaw LLP  is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Medidata Solutions, Inc (NASDAQ: MDSO)in connection with the proposed acquisition of the Company by Paris-based Dassault Systèmes SE (Dassault).  Under the terms of the agreement, MDSO shareholders will receive $92.25 in cash for each MDSO share they own.

WeissLaw is investigating whether MDSO’s Board acted to maximize shareholder value prior to entering into the agreement.  Notably, MDSO shares traded for $98.60, or nearly $6.50 above the offer price, as recently as April.  Additionally, the Company recently announced positive financial results.  It reported total revenue of $173.5 million, representing an increase of 16% year-over-year when compared to the $149.2 million the Company reported in the same period of the previous year. MDSO also reported 16% annual growth in subscription revenue.

WeissLaw is also investigating whether MDSO’s Board conducted a fair process in agreeing to the proposed merger, whether the proposed merger undervalues the Company, and whether all material information related to the proposed merger is fully and fairly disclosed. Its earnings per share (EPS) expected to touch remained -3.50% for this year while earning per share for the next 5-years is expected to reach at 15.00%. MDSO has a gross margin of 74.40% and an operating margin of 6.50% while its profit margin remained 8.00% for the last 12 months. 

 According to the most recent quarter its current ratio was 2.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of -0.21% from the mean of 20 days, 3.09% from mean of 50 days SMA and performed 18.92% from mean of 200 days price. Company’s performance for the week was -4.01%, 0.54% for month and YTD performance remained 34.90%.

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