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LMI Aerospace (NASDAQ:LMIA) Director Ronald S. Saks unloaded 7,085 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $14.28, for a total transaction of $101,173.80. Following the completion of the transaction, the director now directly owns 1,131,380 shares in the company, valued at approximately $16,156,106. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of LMI Aerospace (NASDAQ:LMIA) traded down 0.42% during mid-day trading on Friday, hitting $14.17. 41,950 shares of the company’s stock traded hands. LMI Aerospace has a 52-week low of $10.81 and a 52-week high of $16.40. The stock has a 50-day moving average of $13.46 and a 200-day moving average of $13.87. The company’s market cap is $180.5 million.

LMI Aerospace (NASDAQ:LMIA) last released its earnings data on Thursday, August 7th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.08. The company had revenue of $105.90 million for the quarter, compared to the consensus estimate of $99.60 million. During the same quarter last year, the company posted $0.37 earnings per share. LMI Aerospace’s revenue was up .4% compared to the same quarter last year. On average, analysts predict that LMI Aerospace will post $-0.02 earnings per share for the current fiscal year.

LMI Aerospace, Inc (NASDAQ:LMIA) is a provider of design engineering services, structural assemblies, kits and components to the aerospace, defense and technology markets.

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