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Ballantyne Strong (NYSE:BTN) Director Bill Welsh purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of $4.17 per share, for a total transaction of $20,850.00. Following the acquisition, the director now directly owns 156,460 shares in the company, valued at approximately $652,438. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Ballantyne Strong (NYSE:BTN) traded up 1.11% during mid-day trading on Thursday, hitting $4.085. The stock had a trading volume of 20,915 shares. Ballantyne Strong has a 52 week low of $3.76 and a 52 week high of $5.15. The stock has a 50-day moving average of $4.39 and a 200-day moving average of $4.63. The company’s market cap is $57.3 million.

Ballantyne Strong (NYSE:BTN) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.06. The company had revenue of $22.02 million for the quarter, compared to the consensus estimate of $28.49 million.

Ballantyne Strong, Inc (NYSE:BTN), formerly Ballantyne of Omaha, Inc, is a manufacturer, distributor and service provider to the theatre exhibition industry on a worldwide basis.

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