Blonder Tongue Labs, Inc. (NYSEAMERICAN:BDR) VP Jeffrey W. Smith sold 31,666 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $1.11, for a total transaction of $35,149.26. Following the sale, the vice president now directly owns 14,983 shares of the company’s stock, valued at $16,631.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of BDR traded down $0.04 during trading hours on Thursday, reaching $1.17. 948 shares of the company traded hands, compared to its average volume of 184,806. Blonder Tongue Labs, Inc. has a 12-month low of $0.47 and a 12-month high of $2.20.
Blonder Tongue Labs (NYSEAMERICAN:BDR) last released its quarterly earnings data on Wednesday, November 14th. The technology company reported ($0.02) earnings per share for the quarter. The company had revenue of $5.63 million for the quarter.
An institutional investor recently raised its position in Blonder Tongue Labs stock. Bridgeway Capital Management Inc. increased its holdings in Blonder Tongue Labs, Inc. (NYSEAMERICAN:BDR) by 96.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 310,100 shares of the technology company’s stock after acquiring an additional 152,600 shares during the quarter. Bridgeway Capital Management Inc. owned approximately 3.21% of Blonder Tongue Labs worth $388,000 as of its most recent SEC filing.
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Blonder Tongue Labs Company Profile
Blonder Tongue Laboratories, Inc, a technology-development and manufacturing company, provides television signal encoding, transcoding, digital transport, and broadband product solutions in the United States. It offers digital video headend products comprising high definition and SD, MPEG-2, and MPEG-4/H.264 encoders, as well as quadrature phase shift key to quadrature amplitude modulation (QAM) transcoders; digital QAM multiplexers; ATSC/QAM-IP transcoders; and EdgeQAM devices.
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