Joel T. Trammell Acquires 45,000 Shares of Black Box Corporation (BBOX) Stock
Black Box Corporation (NASDAQ:BBOX) insider Joel T. Trammell purchased 45,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average price of $3.95 per share, with a total value of $177,750.00. Following the completion of the acquisition, the insider now owns 77,320 shares of the company’s stock, valued at $305,414. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Black Box Corporation (NASDAQ:BBOX) traded up $0.55 during mid-day trading on Tuesday, hitting $4.15. The stock had a trading volume of 1,132,284 shares, compared to its average volume of 185,357. Black Box Corporation has a one year low of $2.85 and a one year high of $17.05. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.67 and a quick ratio of 1.52.
Black Box Corporation (NASDAQ:BBOX) last issued its quarterly earnings results on Tuesday, October 31st. The technology company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.01. The company had revenue of $194.20 million during the quarter, compared to analyst estimates of $193.85 million. Black Box Corporation had a negative return on equity of 2.71% and a negative net margin of 2.69%. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share.
Separately, Sidoti lowered Black Box Corporation from a “buy” rating to a “neutral” rating in a report on Friday, August 11th.
Black Box Corporation Company Profile
Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.
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