Insider Buying: TCP International Holdings CEO Purchases 2,000 Shares of Stock (TCPI)
TCP International Holdings (NASDAQ:TCPI) CEO Ellis Yan bought 2,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $6.60 per share, for a total transaction of $13,200.00. Following the completion of the transaction, the chief executive officer now directly owns 11,523,191 shares in the company, valued at approximately $76,053,061. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity initiated coverage on shares of TCP International Holdings in a research note on Monday, July 21st. They set a “buy” rating and a $15.00 price target on the stock. Separately, analysts at Cowen and Company initiated coverage on shares of TCP International Holdings in a research note on Monday, July 21st. They set an “outperform” rating and a $18.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of TCP International Holdings in a research note on Monday, July 21st. They set a “buy” rating and a $15.00 price target on the stock.
Shares of TCP International Holdings (NASDAQ:TCPI) traded down 0.30% on Thursday, hitting $6.61. 10,678 shares of the company’s stock traded hands. TCP International Holdings has a 52 week low of $6.20 and a 52 week high of $11.40. The stock has a 50-day moving average of $9.56 and a 200-day moving average of $9.56. The company has a market cap of $183.1 million and a P/E ratio of 15.94.
TCP International Holdings (NASDAQ:TCPI) last announced its earnings results on Thursday, August 7th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.03. The company had revenue of $112.46 million for the quarter, compared to the consensus estimate of $105.57 million. TCP International Holdings’s revenue was up 1.2% compared to the same quarter last year.
TCP International Holdings Ltd. (NASDAQ:TCPI) is a global provider of energy efficient light-emitting diode (LED) and compact fluorescent lamp (CFL) lighting technologies.
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