Insider Selling: James J. Steffek Sells 6,900 Shares of American Electric Technologies Stock (AETI)
American Electric Technologies (NASDAQ:AETI) SVP James J. Steffek unloaded 6,900 shares of American Electric Technologies stock on the open market in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $10.00, for a total value of $69,000.00. Following the transaction, the senior vice president now directly owns 643,024 shares in the company, valued at approximately $6,430,240. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
American Electric Technologies (NASDAQ:AETI) traded up 5.25% during mid-day trading on Thursday, hitting $11.02. 101,130 shares of the company’s stock traded hands. American Electric Technologies has a 52-week low of $4.75 and a 52-week high of $10.53. The stock has a 50-day moving average of $9.28 and a 200-day moving average of $8.04. The company has a market cap of $88.2 million and a P/E ratio of 21.95.
American Electric Technologies (NASDAQ:AETI) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.01. The company had revenue of $17.59 million for the quarter, compared to the consensus estimate of $11.73 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, analysts predict that American Electric Technologies will post $0.51 earnings per share for the current fiscal year.
American Electric Technologies, Inc (NASDAQ:AETI) is a global provider of power delivery solutions to the renewable energy industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.