Insider Selling: Giga-Tronics Director Unloads 10,000 Shares of Stock (GIGA)
Giga-Tronics (NASDAQ:GIGA) Director James A. Cole sold 10,000 shares of the stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $2.10, for a total transaction of $21,000.00. Following the completion of the transaction, the director now directly owns 138,594 shares in the company, valued at approximately $291,047. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Giga-Tronics (NASDAQ:GIGA) traded down 1.95% on Monday, hitting $2.01. 117,414 shares of the company’s stock traded hands. Giga-Tronics has a 52-week low of $0.90 and a 52-week high of $4.78. The stock has a 50-day moving average of $2.15 and a 200-day moving average of $1.70. The company’s market cap is $10.3 million.
Giga-Tronics (NASDAQ:GIGA) last announced its earnings results on Monday, August 4th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $4.50 million for the quarter, compared to the consensus estimate of $3.00 million.
Giga-tronics Incorporated (NASDAQ:GIGA) includes the operations of the Giga-tronics Division and Microsource Inc (Microsource), a wholly owned subsidiary.
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