Accuride Corp. Major Shareholder Buys $697,500 in Stock (ACW)
Accuride Corp. (NYSE:ACW) major shareholder Coliseum Capital Management, L acquired 150,000 shares of the stock on the open market in a transaction dated Wednesday, October 9th. The stock was purchased at an average cost of $4.65 per share, for a total transaction of $697,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Accuride Corp. (NYSE:ACW) traded up 6.11% on Thursday, hitting $4.86. The stock had a trading volume of 201,084 shares. Accuride Corp. has a 52 week low of $2.21 and a 52 week high of $6.88. The stock has a 50-day moving average of $5.22 and a 200-day moving average of $5.25. The company’s market cap is $230.9 million.
Accuride Corp. (NYSE:ACW) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.14) by $0.03. The company had revenue of $211.30 million for the quarter, compared to the consensus estimate of $200.32 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was down 21.4% on a year-over-year basis. Analysts expect that Accuride Corp. will post $-0.63 EPS for the current fiscal year.
Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America.
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