Insider Buying: TCP International Holdings CEO Buys 2,000 Shares of Stock (TCPI)
TCP International Holdings (NASDAQ:TCPI) CEO Ellis Yan acquired 2,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $6.60 per share, with a total value of $13,200.00. Following the purchase, 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 filing with the SEC, which is available at this link.
Shares of TCP International Holdings (NASDAQ:TCPI) opened at 6.91 on Friday. TCP International Holdings has a 52 week low of $6.20 and a 52 week high of $11.40. The stock’s 50-day moving average is $9.49 and its 200-day moving average is $9.49. The company has a market cap of $191.4 million and a P/E ratio of 15.94.
TCP International Holdings (NASDAQ:TCPI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 1.2% on a year-over-year basis.
A number of analysts have recently weighed in on TCPI shares. 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.
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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