Preformed Line Products Director Unloads $559,979 in Stock (PLPC)
Preformed Line Products (NASDAQ:PLPC) Director Randall M. Ruhlman sold 10,213 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $54.83, for a total transaction of $559,978.79. Following the completion of the transaction, the director now directly owns 166,266 shares in the company, valued at approximately $9,116,365. The sale was disclosed in a document filed 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 one year low of $51.60 and a one year high of $92.46. The stock has a 50-day moving average of $55.13 and a 200-day moving average of $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 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.
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