Magnetek VP Michael J. Stauber Sells 2,096 Shares (MAG)
Magnetek (NYSE:MAG) VP Michael J. Stauber sold 2,096 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $21.94, for a total value of $45,986.24. Following the transaction, the vice president now directly owns 6,827 shares of the company’s stock, valued at approximately $149,784. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Magnetek (NYSE:MAG) opened at 21.99 on Tuesday. Magnetek has a 1-year low of $16.00 and a 1-year high of $25.75. The stock has a 50-day moving average of $21.79 and a 200-day moving average of $22.1. The company has a market cap of $71.8 million and a price-to-earnings ratio of 20.04.
Magnetek (NYSE:MAG) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.04. The company had revenue of $24.11 million for the quarter, compared to the consensus estimate of $25.06 million. Analysts expect that Magnetek will post $1.39 EPS for the current fiscal year.
Magnetek, Inc (NYSE:MAG) is a provider of digital power control systems that are used to control motion and power primarily in material handling, elevator, and energy delivery applications.
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