Powerflute Oyj (POWR) Insider Acquires £1,872 in Stock
Powerflute Oyj (LON:POWR) insider Maria Teresa Aliu Presas purchased 3,600 shares of Powerflute Oyj stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average price of GBX 52 ($0.68) per share, with a total value of £1,872 ($2,443.55).
Shares of Powerflute Oyj (LON:POWR) traded up 0.222% during midday trading on Monday, reaching GBX 89.198. 60,264 shares of the company’s stock traded hands. The firm’s market cap is GBX 256.21 million. The stock has a 50-day moving average price of GBX 82.65 and a 200 day moving average price of GBX 76.49. Powerflute Oyj has a 12 month low of GBX 62.00 and a 12 month high of GBX 100.98.
Separately, Numis Securities Ltd reiterated a “buy” rating and set a GBX 105 ($1.37) price target on shares of Powerflute Oyj in a report on Monday, July 25th.
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Powerflute Oyj Company Profile
Powerflute Oyj (Powerflute) is a paper and packaging company. The Company operates in two segments: Packaging Papers and Coreboard and Cores. Its Packaging Papers trades under the name Power flute, which is engaged in the production and sale of Nordic semi-chemical fluting for use in corrugated-box applications and operates a fluting mill in Kuopio, Finland.
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