Revltn Light Techn Director Acquires $192,750 in Stock (RVLT)
Revltn Light Techn (NASDAQ:RVLT) Director James Depalma bought 75,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $2.57 per share, with a total value of $192,750.00. Following the transaction, the director now directly owns 225,000 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Revltn Light Techn (NASDAQ:RVLT) traded up 4.67% during mid-day trading on Wednesday, hitting $2.69. The stock had a trading volume of 727,833 shares. Revltn Light Techn has a 1-year low of $0.12 and a 1-year high of $5.50. The stock has a 50-day moving average of $3.69 and a 200-day moving average of $3.15. The company’s market cap is $215.8 million.
Revltn Light Techn (NASDAQ:RVLT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $7.40 million for the quarter, compared to the consensus estimate of $1.10 million.
Revolution Lighting Technologies Inc, formerly Nexxus Lighting, Inc, designs, manufacture, market and sells commercial grade, light emitting diode (NASDAQ:RVLT) replacement light bulbs and LED-based signage, channel letter and contour lighting products.
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