Insider Selling: Flexsteel Industries Director Sells 30,000 Shares of Stock (FLXS)
Flexsteel Industries (NASDAQ:FLXS) Director Ronald Klosterman unloaded 30,000 shares of the company’s stock on the open market in a transaction dated Friday, October 18th. The shares were sold at an average price of $26.18, for a total value of $785,400.00. Following the completion of the transaction, the director now directly owns 149,695 shares in the company, valued at approximately $3,919,015. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Flexsteel Industries (NASDAQ:FLXS) traded up 1.61% during mid-day trading on Monday, hitting $26.7348. The stock had a trading volume of 8,567 shares. Flexsteel Industries has a 52 week low of $18.56 and a 52 week high of $27.20. The stock’s 50-day moving average is $23.95 and its 200-day moving average is $23.31. The company has a market cap of $190.5 million and a price-to-earnings ratio of 13.77.
Flexsteel Industries (NASDAQ:FLXS) last announced its earnings results on Wednesday, August 14th. The company reported $0.57 EPS for the quarter. The company had revenue of $82.00 million for the quarter, compared to the consensus estimate of $75.00 million.
Flexsteel Industries, Inc is manufacturer, importer and marketer of residential and commercial upholstered and wooden furniture products in the United States.
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