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Preformed Line Products (NASDAQ:PLPC) major shareholder P Ruhlman Irrevocable Barbara sold 20,427 shares of the stock on the open market in a transaction dated Friday, August 15th. The shares were sold at an average price of $54.83, for a total value of $1,120,012.41. Following the completion of the sale, the insider now directly owns 892,722 shares in the company, valued at approximately $48,947,947. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Preformed Line Products (NASDAQ:PLPC) traded up 1.37% during mid-day trading on Monday, hitting $56.85. 6,310 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 has a 50-day moving average of $54.93 and a 200-day moving average of $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 released its 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.

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