Insider Buying: Transcat Director Acquires 5,000 Shares of Stock (TRNS)
Transcat (NASDAQ:TRNS) Director Alan H. Resnick purchased 5,000 shares of Transcat stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $9.22 per share, for a total transaction of $46,100.00. Following the completion of the transaction, the director now directly owns 31,400 shares of the company’s stock, valued at approximately $289,508. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Transcat (NASDAQ:TRNS) traded up 1.29% during mid-day trading on Friday, hitting $9.288. The stock had a trading volume of 4,258 shares. Transcat has a 52 week low of $6.41 and a 52 week high of $10.00. The stock has a 50-day moving average of $9.29 and a 200-day moving average of $8.76. The company has a market cap of $62.4 million and a P/E ratio of 16.98.
Transcat (NASDAQ:TRNS) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.04. On average, analysts predict that Transcat will post $0.64 earnings per share for the current fiscal year.
Transcat, Inc (NASDAQ:TRNS), is a distributor of professional grade handheld test and measurement instruments and a provider of calibration, repair and other measurement services.
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