Insider Buying: James Depalma Purchases 25,000 Shares of Revltn Light Techn Stock (RVLT)
Revltn Light Techn (NASDAQ:RVLT) Director James Depalma bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were purchased at an average price of $2.10 per share, with a total value of $52,500.00. Following the transaction, the director now directly owns 275,000 shares of the company’s stock, valued at approximately $577,500. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Revltn Light Techn (NASDAQ:RVLT) traded down 1.43% during mid-day trading on Friday, hitting $2.07. 446,413 shares of the company’s stock traded hands. Revltn Light Techn has a one year low of $2.01 and a one year high of $4.73. The stock’s 50-day moving average is $2.26 and its 200-day moving average is $2.69. The company’s market cap is $171.0 million.
Revltn Light Techn (NASDAQ:RVLT) last released its earnings data on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter.
Revolution Lighting Technologies Inc, formerly Nexxus Lighting, Inc, designs, manufacture, market and sells commercial grade, light emitting diode (NASDAQ:RVLT) replacement light bulbs and LED-based signage, channel letter and contour lighting products.
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