Insider Selling: John H. Walker Sells 100,000 Shares of U.S. Geothermal Stock (HTM)
U.S. Geothermal (NYSE:HTM) Chairman John H. Walker unloaded 100,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $0.66, for a total transaction of $66,000.00. Following the completion of the sale, the chairman now directly owns 16,757 shares in the company, valued at approximately $11,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
U.S. Geothermal (NYSE:HTM) traded down 2.22% during mid-day trading on Thursday, hitting $0.6551. The stock had a trading volume of 434,005 shares. U.S. Geothermal has a 52-week low of $0.34 and a 52-week high of $1.08. The stock has a 50-day moving average of $0.67 and a 200-day moving average of $0.57. The company has a market cap of $67.9 million and a price-to-earnings ratio of 35.26. U.S. Geothermal also was the target of a large growth in short interest in May. As of May 30th, there was short interest totalling 2,594,518 shares, a growth of 0.7% from the May 15th total of 2,612,484 shares. Based on an average trading volume of 1,300,579 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.6% of the company’s stock are short sold.
U.S. Geothermal (NYSE:HTM) last released its earnings data on Wednesday, March 26th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.01. Analysts expect that U.S. Geothermal will post $0.02 EPS for the current fiscal year.
A number of research firms have recently commented on HTM. Analysts at Canaccord Genuity upgraded shares of U.S. Geothermal from a “sell” rating to a “hold” rating in a research note on Monday, April 7th.
U.S. Geothermal Inc (NYSE:HTM) is engaged in the renewable green energy business.