Tel-Instrument Electronics Corp. (NYSEAMERICAN:TIK) major shareholder Vincent J. Dowling, Jr. bought 11,944 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were bought at an average cost of $2.71 per share, for a total transaction of $32,368.24. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Tel-Instrument Electronics Corp. (TIK) opened at $3.05 on Friday. Tel-Instrument Electronics Corp. has a one year low of $2.10 and a one year high of $6.35. The firm has a market cap of $9.93, a price-to-earnings ratio of -1.15 and a beta of 0.63.
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Tel-Instrument Electronics Company Profile
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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