Insider Selling: Robert G. Ruhlman Sells 10,214 Shares of Preformed Line Products Stock (PLPC)
Preformed Line Products (NASDAQ:PLPC) CEO Robert G. Ruhlman sold 10,214 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $54.83, for a total transaction of $560,033.62. Following the completion of the transaction, the chief executive officer now directly owns 70,128 shares of the company’s stock, valued at approximately $3,845,118. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Preformed Line Products (NASDAQ:PLPC) traded up 1.37% on Monday, hitting $56.85. The stock had a trading volume of 6,309 shares. 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 price-to-earnings ratio of 17.91.
Preformed Line Products (NASDAQ:PLPC) last issued its quarterly earnings data 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.