Arabian American Development EVP Simon H. Upfill-Brown Acquires 4,500 Shares (ARSD)
Arabian American Development (NASDAQ:ARSD) EVP Simon H. Upfill-Brown acquired 4,500 shares of Arabian American Development stock on the open market in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $10.51 per share, for a total transaction of $47,295.00. Following the completion of the acquisition, the executive vice president now directly owns 20,802 shares of the company’s stock, valued at approximately $218,629. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Singular Research raised their price target on shares of Arabian American Development from $18.50 to $19.50 in a research note on Friday, April 25th. They now have a “buy” rating on the stock.
Arabian American Development (NASDAQ:ARSD) traded down 1.89% during mid-day trading on Thursday, hitting $9.88. The stock had a trading volume of 41,975 shares. Arabian American Development has a 52 week low of $7.38 and a 52 week high of $13.17. The stock has a 50-day moving average of $10.91 and a 200-day moving average of $11.20. The company has a market cap of $236.1 million and a price-to-earnings ratio of 14.39.
Arabian American Development (NASDAQ:ARSD) last released its earnings data on Thursday, May 8th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.07. Analysts expect that Arabian American Development will post $0.82 EPS for the current fiscal year.
Arabian American Development Company is engaged in manufacturing various specialty petrochemical products.
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