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 dated Thursday, August 14th. The shares were sold at an average price of $54.83, for a total transaction of $560,033.62. Following the sale, the chief executive officer now directly owns 70,128 shares in the company, valued at approximately $3,845,118. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Preformed Line Products (NASDAQ:PLPC) opened at 57.51 on Wednesday. Preformed Line Products has a 1-year low of $51.60 and a 1-year high of $92.46. The stock’s 50-day moving average is $55.13 and its 200-day moving average is $58.79. The company has a market cap of $310.0 million and a P/E ratio of 18.36.
Preformed Line Products (NASDAQ:PLPC) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.94 EPS 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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