Tel-Instrument Electronics Corp. (NYSEAMERICAN:TIK) major shareholder Vincent J. Dowling, Jr. purchased 9,710 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was acquired at an average cost of $2.75 per share, for a total transaction of $26,702.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Tel-Instrument Electronics Corp. (NYSEAMERICAN:TIK) traded up $0.10 during midday trading on Monday, reaching $2.85. 21,970 shares of the company traded hands, compared to its average volume of 96,655. 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 cap of $9.28, a PE ratio of -1.07 and a beta of 0.63.
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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