Clearfield Chairman Acquires $109,100 in Stock (CLFD)
Clearfield (NASDAQ:CLFD) Chairman Ronald G. Roth purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average price of $21.82 per share, with a total value of $109,100.00. Following the purchase, the chairman now directly owns 1,103,523 shares of the company’s stock, valued at approximately $24,078,872. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Clearfield (NASDAQ:CLFD) traded up 8.29% on Tuesday, hitting $23.26. The stock had a trading volume of 705,894 shares. Clearfield has a 1-year low of $5.16 and a 1-year high of $25.41. The stock has a 50-day moving average of $20.62 and a 200-day moving average of $16.01. The company has a market cap of $302.4 million and a price-to-earnings ratio of 45.70.
Clearfield (NASDAQ:CLFD) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.01. The company had revenue of $16.15 million for the quarter, compared to the consensus estimate of $10.27 million. Clearfield’s revenue was up 57.3% compared to the same quarter last year. Analysts expect that Clearfield will post $0.66 EPS for the current fiscal year.
Clearfield, Inc (NASDAQ:CLFD) manufactures, markets and sells a fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site.
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