Tel-Instrument Electronics Corp. (TIK) Major Shareholder Buys $15,765.75 in Stock

Tel-Instrument Electronics Corp. (NYSEAMERICAN:TIK) major shareholder Vincent J. Dowling, Jr. purchased 5,775 shares of Tel-Instrument Electronics stock in a transaction on Wednesday, January 3rd. The shares were acquired at an average price of $2.73 per share, for a total transaction of $15,765.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of Tel-Instrument Electronics Corp. (TIK) traded up $0.05 during midday trading on Thursday, reaching $2.84. 24,400 shares of the company’s stock were exchanged, compared to its average volume of 74,200. Tel-Instrument Electronics Corp. has a twelve month low of $2.10 and a twelve month high of $6.35. The company has a market capitalization of $8.35, a PE ratio of -1.07 and a beta of 0.64.

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About Tel-Instrument Electronics

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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