Insider Selling: James D. Hartman Sells 2,000 Shares of NVE Corp. Stock (NVEC)
NVE Corp. (NASDAQ:NVEC) Director James D. Hartman unloaded 2,000 shares of the company’s stock on the open market in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.51, for a total value of $109,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NVE Corp. (NASDAQ:NVEC) traded down 0.66% on Thursday, hitting $54.17. The stock had a trading volume of 8,114 shares. NVE Corp. has a 52 week low of $46.33 and a 52 week high of $60.49. The stock has a 50-day moving average of $57.48 and a 200-day moving average of $53.29. The company has a market cap of $262.5 million and a P/E ratio of 22.82.
NVE Corp. (NASDAQ:NVEC) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.06. The company had revenue of $6.47 million for the quarter, compared to the consensus estimate of $7.04 million. The company’s quarterly revenue was down .9% on a year-over-year basis. Analysts expect that NVE Corp. will post $2.43 EPS for the current fiscal year.
NVE Corporation (NASDAQ:NVEC) develops and sells devices that use spintronics, a nanotechnology that relies on electron spin.
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