Silversun Tech (SSNT) Major Shareholder Sells $634,250.00 in Stock

Silversun Tech (NASDAQ:SSNT) major shareholder Jeffrey D. Roth sold 215,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $2.95, for a total transaction of $634,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Silversun Tech (NASDAQ SSNT) traded up $0.21 during mid-day trading on Thursday, hitting $4.21. 13,100 shares of the stock traded hands, compared to its average volume of 6,471. The firm has a market capitalization of $18.82, a price-to-earnings ratio of 28.07 and a beta of 7.85. Silversun Tech has a twelve month low of $3.00 and a twelve month high of $5.22. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.06.

Silversun Tech (NASDAQ:SSNT) last released its quarterly earnings results on Monday, November 13th. The company reported $0.07 EPS for the quarter. The business had revenue of $9.59 million for the quarter. Silversun Tech had a net margin of 1.91% and a return on equity of 12.68%.

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About Silversun Tech

SilverSun Technologies, Inc is a business application, technology and consulting company. The Company is engaged in providing strategies and solutions to meet information, technology and business management needs. Its services and technologies enable customers to manage, protect and monetize their enterprise assets in the cloud.

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