International Baler Co. (IBAL) Issues Earnings Results
International Baler Co. (NASDAQ:IBAL) issued its earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. International Baler had a net margin of 1.81% and a return on equity of 2.20%. The company had revenue of $3.11 million during the quarter.
International Baler (NASDAQ IBAL) opened at 2.05 on Thursday. International Baler has a one year low of $1.80 and a one year high of $2.17. The firm has a 50-day moving average of $2.01 and a 200-day moving average of $2.01. The stock has a market capitalization of $10.63 million and a PE ratio of 120.59.
In other International Baler news, Director Industrial Corp Avis bought 15,500 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The shares were acquired at an average cost of $2.00 per share, for a total transaction of $31,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased a total of 57,259 shares of company stock worth $115,270 over the last quarter.
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About International Baler
International Baler Corporation is a manufacturer of baling equipment. The Company’s baling equipment is fabricated from steel and utilizes hydraulic and electrical components to compress a range of materials into bales for handling, shipping, disposal, storage and for recycling. Materials baled by the Company include scrap metal, corrugated boxes, newsprint, aluminum cans, plastic bottles and other solid waste.
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