Insider Buying: International Baler Director Purchases 2,000 Shares of Stock (IBAL)
International Baler (NASDAQ:IBAL) Director Leland E. Boren bought 2,000 shares of the company’s stock on the open market in a transaction dated Friday, June 13th. The stock was purchased at an average cost of $1.88 per share, for a total transaction of $3,760.00. Following the purchase, the director now directly owns 669,488 shares of the company’s stock, valued at approximately $1,258,637. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
International Baler (NASDAQ:IBAL) traded up 17.33% on Monday, hitting $1.76. The stock had a trading volume of 2,400 shares. International Baler has a one year low of $1.26 and a one year high of $2.34. The stock’s 50-day moving average is $1.99 and its 200-day moving average is $1.80. The company has a market cap of $9.1 million and a price-to-earnings ratio of 12.10.
International Baler Corporation (NASDAQ:IBAL) is a manufacturer of baling equipment which is fabricated from steel and utilizes hydraulic and electrical components to compress a variety of materials into bales.
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