Insider Buying: Andrea Electronics Director Buys 40,000 Shares of Stock (ANDR)
Andrea Electronics (NASDAQ:ANDR) Director Joseph J. Migliozzi bought 40,000 shares of Andrea Electronics stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average price of $0.08 per share, for a total transaction of $3,200.00. Following the acquisition, the director now directly owns 711,261 shares in the company, valued at approximately $56,901. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Andrea Electronics (NASDAQ:ANDR) traded down 9.41% on Friday, hitting $0.077. The stock had a trading volume of 2,500 shares. Andrea Electronics has a one year low of $0.03 and a one year high of $0.15. The stock has a 50-day moving average of $0.09 and a 200-day moving average of $0.08. The company’s market cap is $4.9 million.
Andrea Electronics Corporation (NASDAQ:ANDR) is engaged in designing, developing and manufacturing microphone technologies and products for improving speech-based applications software and communications that require clear voice signals.
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