Insider Buying: Bill Welsh Purchases 5,000 Shares of Ballantyne Strong Stock (BTN)
Ballantyne Strong (NYSE:BTN) Director Bill Welsh purchased 5,000 shares of Ballantyne Strong stock on the open market in a transaction dated Tuesday, June 3rd. The stock was purchased at an average price of $4.17 per share, for a total transaction of $20,850.00. Following the completion of the acquisition, the director now directly owns 156,460 shares in the company, valued at approximately $652,438. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ballantyne Strong (NYSE:BTN) opened at 4.10 on Friday. Ballantyne Strong has a 52 week low of $3.76 and a 52 week high of $5.15. The stock’s 50-day moving average is $4.37 and its 200-day moving average is $4.62. The company’s market cap is $57.6 million.
Ballantyne Strong (NYSE:BTN) last issued its quarterly earnings data 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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