Insider Buying: Crossroads Systems Director Acquires 2,700 Shares of Stock (CRDS)
Crossroads Systems (NASDAQ:CRDS) Director Jeffrey E. Eberwein purchased 2,700 shares of the stock on the open market in a transaction dated Thursday, July 10th. The shares were purchased at an average price of $2.74 per share, for a total transaction of $7,398.00. Following the completion of the transaction, the director now directly owns 22,763 shares of the company’s stock, valued at approximately $62,371. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Crossroads Systems (NASDAQ:CRDS) traded up 0.68% during mid-day trading on Monday, hitting $2.97. 48,706 shares of the company’s stock traded hands. Crossroads Systems has a 52 week low of $0.69 and a 52 week high of $3.71. The stock’s 50-day moving average is $2.84 and its 200-day moving average is $2.5. The company’s market cap is $44.7 million.
Crossroads Systems (NASDAQ:CRDS) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.14) EPS for the quarter. The company had revenue of $2.30 million for the quarter, compared to the consensus estimate of $2.70 million. During the same quarter in the prior year, the company posted ($0.23) earnings per share.
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