Tel-Instrument Electronics Corp. (NYSE:TIK) Director Robert A. Rice sold 6,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $3.83, for a total value of $22,980.00. Following the transaction, the director now owns 118,000 shares of the company’s stock, valued at $451,940. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Tel-Instrument Electronics Corp. (TIK) traded down 4.76% during trading on Thursday, hitting $3.75. The stock had a trading volume of 13,358 shares. The company’s market cap is $12.21 million. Tel-Instrument Electronics Corp. has a 12 month low of $3.20 and a 12 month high of $6.24. The stock has a 50-day moving average price of $3.76 and a 200 day moving average price of $4.46.

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Separately, TheStreet downgraded Tel-Instrument Electronics Corp. from a “c” rating to a “d+” rating in a report on Monday, July 17th.

About Tel-Instrument Electronics Corp.

Tel-Instrument Electronics Corp. is a designer and manufacturer of avionics test and measurement instruments for the commercial air transport, general aviation, and government/military aerospace and defense markets. The Company has two segments: Avionics Government and Avionics Commercial. The Company’s Avionics Government segment consists primarily of the design, manufacture and sale of test equipment to the United States and foreign Governments and militaries either directly or through distributors.

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