Insider Selling: Innophos Holdings VP Sells 3,677 Shares of Stock (IPHS)
Innophos Holdings (NASDAQ:IPHS) VP Mark Feuerbach sold 3,677 shares of the stock on the open market in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $58.16, for a total transaction of $213,854.32. Following the completion of the sale, the vice president now directly owns 26,469 shares in the company, valued at approximately $1,539,437. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Innophos Holdings (NASDAQ:IPHS) traded up 1.38% on Thursday, hitting $57.87. The stock had a trading volume of 56,445 shares. Innophos Holdings has a 1-year low of $44.27 and a 1-year high of $58.51. The stock has a 50-day moving average of $55.0 and a 200-day moving average of $52.65. The company has a market cap of $1.270 billion and a price-to-earnings ratio of 24.82.
Innophos Holdings (NASDAQ:IPHS) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.64 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.01. The company had revenue of $216.30 million for the quarter, compared to the consensus estimate of $213.60 million. During the same quarter last year, the company posted $0.60 earnings per share. Innophos Holdings’s revenue was up .9% compared to the same quarter last year. On average, analysts predict that Innophos Holdings will post $3.33 earnings per share for the current fiscal year.
Innophos Holdings, Inc (NASDAQ:IPHS), is a producer of mineral-based specialty ingredients with applications in food, beverage, pharmaceutical, oral care and industrial end markets.
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