Insignia Systems, Inc. (NASDAQ:ISIG) major shareholder Air T. Inc bought 1,132,713 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was bought at an average cost of $1.25 per share, for a total transaction of $1,415,891.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Insignia Systems, Inc. (NASDAQ:ISIG) traded up $0.13 on Wednesday, reaching $1.35. 1,532,800 shares of the company were exchanged, compared to its average volume of 507,670. The stock has a market capitalization of $15.69, a P/E ratio of -7.94 and a beta of 0.86. Insignia Systems, Inc. has a 1-year low of $0.90 and a 1-year high of $2.19.
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About Insignia Systems
Insignia Systems, Inc (Insignia) is a developer and marketer of in-store products, programs and services for consumer goods manufacturers and retail partners drive sales at the point of purchase. The Company’s products include the Insignia Point-of-Purchase Services (POPS) in-store marketing program, thermal sign card supplies for the Company’s Impulse Retail System, laser printable cardstock and label supplies, and The Like Machine.
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