Insider Buying: Edco Partners Lllp Buys 752,200 Shares of Electronic Systems Technology Stock (ELST)
Electronic Systems Technology (NASDAQ:ELST) major shareholder Edco Partners Lllp acquired 752,200 shares of Electronic Systems Technology stock in a transaction that occurred on Friday, May 30th. The shares were purchased at an average cost of $0.40 per share, with a total value of $300,880.00. Following the completion of the acquisition, the insider now directly owns 1,173,123 shares in the company, valued at approximately $469,249. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Electronic Systems Technology (NASDAQ:ELST) traded down 4.49% on Friday, hitting $0.40. The stock had a trading volume of 289,700 shares. Electronic Systems Technology has a 52 week low of $0.26 and a 52 week high of $0.53. The stock’s 50-day moving average is $0.42 and its 200-day moving average is $0.40. The company has a market cap of $2.1 million and a price-to-earnings ratio of 14.96.
Electronic Systems Technology, Inc (NASDAQ:ELST) is engaged in the manufacturing and development of wireless modem products.
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