Insider Buying: Sutron major shareholder Purchases 7,800 Shares of Stock (STRN)
Sutron (NASDAQ:STRN) major shareholder Microcap Fund L.P. Perlus acquired 7,800 shares of the stock in a transaction dated Friday, August 29th. The shares were purchased at an average price of $5.16 per share, for a total transaction of $40,248.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Sutron (NASDAQ:STRN) remained flat at $5.13 during trading on Wednesday. The stock had a trading volume of 1,600 shares. Sutron has a 52-week low of $4.25 and a 52-week high of $5.98. The stock has a 50-day moving average of $5.04 and a 200-day moving average of $5.18. The company has a market cap of $26.0 million and a P/E ratio of 59.65.
Sutron Corporation designs , manufactures, markets and sells products and systems that enables government and commercial entities to monitor and collect hydrological, meteorological and oceanic data for the management of critical water resources, for early warning of potentially disastrous floods, storms or tsunamis and for the optimization of hydropower plants.
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