Tel Instrument Elect (NYSEAMERICAN:TIK) major shareholder Vincent J. Dowling, Jr. bought 4,950 shares of the stock in a transaction dated Monday, April 23rd. The shares were acquired at an average price of $2.30 per share, with a total value of $11,385.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of TIK stock traded down $0.04 during trading hours on Wednesday, hitting $2.35. 7,965 shares of the company were exchanged, compared to its average volume of 44,896. Tel Instrument Elect has a one year low of $2.05 and a one year high of $6.35.
Tel Instrument Elect (NYSEAMERICAN:TIK) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $2.63 million for the quarter.
Tel-Instrument Electronics Corp. designs, manufactures, and sells avionics test and measurement solutions for the commercial air transport, general aviation, and government/military aerospace and defense markets in the United States and internationally. It operates in two segments, Avionics Government and Avionics Commercial.
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