Insider Selling: Sun Hydraulics Corp. Director Unloads 13,000 Shares of Stock (SNHY)
Sun Hydraulics Corp. (NASDAQ:SNHY) Director Christine Koski sold 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $35.23, for a total value of $457,990.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Sun Hydraulics Corp. (NASDAQ:SNHY) traded up 0.06% during mid-day trading on Wednesday, hitting $35.42. The stock had a trading volume of 98,656 shares. Sun Hydraulics Corp. has a 52 week low of $23.43 and a 52 week high of $36.97. The stock has a 50-day moving average of $33.96 and a 200-day moving average of $32.45. The company has a market cap of $929.6 million and a price-to-earnings ratio of 25.05.
Sun Hydraulics Corp. (NASDAQ:SNHY) last announced its earnings results on Monday, August 5th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.03. The company had revenue of $558.00 million for the quarter, compared to the consensus estimate of $55.20 million. During the same quarter last year, the company posted $0.43 earnings per share. Sun Hydraulics Corp.’s revenue was down 2.1% compared to the same quarter last year. On average, analysts predict that Sun Hydraulics Corp. will post $1.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, September 26th.
Sun Hydraulics Corporation (NASDAQ:SNHY) designs, manufactures, and sells screw-in cartridge valves and manifolds used in hydraulic systems.
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