Shiloh Industries, Inc. (SHLO) Major Shareholder Mtd Holdings Inc Sells 500,000 Shares
Shiloh Industries, Inc. (NASDAQ:SHLO) major shareholder Mtd Holdings Inc sold 500,000 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $7.76, for a total transaction of $3,880,000.00. Following the completion of the sale, the insider now directly owns 7,300,866 shares in the company, valued at $56,654,720.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shiloh Industries, Inc. (NASDAQ SHLO) traded down 1.74% during mid-day trading on Thursday, reaching $8.46. 351,131 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $12.25 and its 200 day moving average price is $12.32. The stock has a market capitalization of $151.21 million, a PE ratio of 22.26 and a beta of 2.23. Shiloh Industries, Inc. has a 12 month low of $6.50 and a 12 month high of $16.69.
Shiloh Industries (NASDAQ:SHLO) last issued its earnings results on Thursday, June 1st. The basic materials company reported $0.36 EPS for the quarter. The firm had revenue of $273.03 million during the quarter. Shiloh Industries had a return on equity of 11.38% and a net margin of 0.68%. Equities research analysts predict that Shiloh Industries, Inc. will post $1.60 EPS for the current year.
Several analysts have weighed in on SHLO shares. ValuEngine lowered shares of Shiloh Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. TheStreet lowered shares of Shiloh Industries from a “c” rating to a “d+” rating in a research note on Wednesday, May 17th.
Shiloh Industries Company Profile
Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.
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