Insider Selling: Donald R. Hayward Unloads 9,500 Shares of Clearfield Stock (CLFD)
Clearfield (NASDAQ:CLFD) Director Donald R. Hayward unloaded 9,500 shares of Clearfield stock on the open market in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $13.89, for a total transaction of $131,955.00. Following the sale, the director now directly owns 8,401 shares of the company’s stock, valued at approximately $116,690. The sale was disclosed in a document filed with the SEC, which is available at this link.
Clearfield (NASDAQ:CLFD) traded down 4.36% during mid-day trading on Thursday, hitting $13.61. 71,869 shares of the company’s stock traded hands. Clearfield has a 52-week low of $11.82 and a 52-week high of $26.59. The stock has a 50-day moving average of $14.10 and a 200-day moving average of $18.40. The company has a market cap of $183.0 million and a P/E ratio of 28.12.
Clearfield (NASDAQ:CLFD) last released its earnings data on Thursday, July 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.04. The company had revenue of $14.36 million for the quarter, compared to the consensus estimate of $15.94 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis.
Clearfield, Inc (NASDAQ:CLFD) manufactures, markets and sells a fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site.
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