Tel Instrument Elect (TIK) Major Shareholder Acquires $21,898.60 in Stock

Tel Instrument Elect (NYSEAMERICAN:TIK) major shareholder Vincent J. Dowling, Jr. purchased 9,820 shares of the firm’s stock in a transaction dated Friday, April 6th. The shares were purchased at an average cost of $2.23 per share, for a total transaction of $21,898.60. The purchase was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of NYSEAMERICAN:TIK opened at $2.49 on Friday. Tel Instrument Elect has a 12 month low of $2.05 and a 12 month high of $6.35.

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Tel Instrument Elect (NYSEAMERICAN:TIK) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $2.63 million during the quarter.

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About Tel Instrument Elect

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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