Giga-Tronics Director James A. Cole Sells 10,000 Shares (GIGA)
Giga-Tronics (NASDAQ:GIGA) Director James A. Cole sold 10,000 shares of the stock in a transaction dated Friday, August 15th. The shares were 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 of the company’s stock, valued at approximately $291,047. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Giga-Tronics (NASDAQ:GIGA) traded up 0.36% on Wednesday, hitting $1.97. 153,073 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’s 50-day moving average is $2.13 and its 200-day moving average is $1.71. The company’s market cap is $10.1 million.
Giga-Tronics (NASDAQ:GIGA) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.04) earnings per share 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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