Preformed Line Products major shareholder P Ruhlman Irrevocable Barbara Sells 20,427 Shares (PLPC)
Preformed Line Products (NASDAQ:PLPC) major shareholder P Ruhlman Irrevocable Barbara unloaded 20,427 shares of the company’s 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 sale, the insider now directly owns 892,722 shares in the company, valued at approximately $48,947,947. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
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’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 earnings per share (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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