Insider Selling: Preformed Line Products Director Sells 10,213 Shares of Stock (PLPC)
Preformed Line Products (NASDAQ:PLPC) Director Randall M. Ruhlman sold 10,213 shares of the company’s stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $54.83, for a total value of $559,978.79. Following the transaction, the director now directly owns 166,266 shares of the company’s stock, valued at approximately $9,116,365. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Preformed Line Products (NASDAQ:PLPC) traded up 1.37% during mid-day trading on Monday, hitting $56.85. 6,309 shares of the company’s stock traded hands. Preformed Line Products has a 52-week low of $51.60 and a 52-week high of $92.46. The stock’s 50-day moving average is $54.93 and its 200-day moving average is $59.0. The company has a market cap of $306.4 million and a P/E ratio of 17.91.
Preformed Line Products (NASDAQ:PLPC) last announced its earnings results on Friday, August 8th. The company reported $0.94 earnings per share for the quarter. The company had revenue of $99.98 million for the quarter, compared to the consensus estimate of $111.72 million.
Preformed Line Products Company (NASDAQ:PLPC) is an international designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators, information (data communication) and other similar industries.
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