Insider Buying: Electronic Systems Technology major shareholder Acquires 15,200 Shares of Stock (ELST)
Electronic Systems Technology (NASDAQ:ELST) major shareholder Edco Partners Lllp bought 15,200 shares of Electronic Systems Technology stock on the open market in a transaction dated Monday, June 2nd. The shares were purchased at an average price of $0.40 per share, for a total transaction of $6,080.00. Following the completion of the transaction, the insider now directly owns 1,188,323 shares of the company’s stock, valued at approximately $475,329. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Electronic Systems Technology (NASDAQ:ELST) remained flat at $0.40 during trading on Wednesday. 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 $0.41. The company has a market cap of $2.1 million and a P/E ratio of 13.79.
Electronic Systems Technology, Inc (NASDAQ:ELST) is engaged in the manufacturing and development of wireless modem products.
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