Insider Selling: Echelon Corp. VP Sells 25,000 Shares of Stock (ELON)
Echelon Corp. (NASDAQ:ELON) VP Michael T. Anderson unloaded 25,000 shares of Echelon Corp. stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $2.71, for a total transaction of $67,750.00. Following the sale, the vice president now directly owns 41,843 shares in the company, valued at approximately $113,395. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Echelon Corp. (NASDAQ:ELON) traded up 1.14% on Thursday, hitting $2.66. The stock had a trading volume of 182,055 shares. Echelon Corp. has a one year low of $1.99 and a one year high of $4.18. The stock’s 50-day moving average is $2.58 and its 200-day moving average is $2.69. The company’s market cap is $115.4 million.
Echelon Corp. (NASDAQ:ELON) last released its earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.12) by $0.05. The company had revenue of $17.79 million for the quarter, compared to the consensus estimate of $17.22 million. During the same quarter last year, the company posted ($0.04) earnings per share. Echelon Corp.’s revenue was down 29.3% compared to the same quarter last year. Analysts expect that Echelon Corp. will post $-0.45 EPS for the current fiscal year.
Echelon Corporation (NASDAQ:ELON) develops, markets and supports an open standard, multi-application energy control networking platform.
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