Blonder Tongue Laboratories Inc (BDR) Files Form 4 Insider Buying : Steven L Shea Buys 30,000 Shares

Blonder Tongue Laboratories Inc (BDR): Steven L Shea , director of Blonder Tongue Laboratories Inc purchased 30,000 shares on Sep 21, 2016. The Insider buying transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were purchased at $0.60 per share for a total value of $18,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 22, 2016, Steven L Shea (director) purchased 30,000 shares at $0.60 per share price.On Dec 21, 2015, Robert J Jr Palle (CEO) purchased 4,352 shares at $0.40 per share price.Also, On May 28, 2015, Gary P Scharmett (director) purchased 15,108 shares at $0.68 per share price.

Shares of Blonder Tongue Labs (BDR) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.005 points or -0.89% at $0.555 with 43,705 shares getting traded. Post opening the session at $0.565, the shares hit an intraday low of $0.545 and an intraday high of $0.565 and the price vacillated in this range throughout the day. The company has a market cap of $4.1 M and the number of outstanding shares has been calculated to be 73,93,217 shares. The 52-week high of Blonder Tongue Labs is $1.1 and the 52-week low is $0.28.

Blonder Tongue Labs Money Flow Index Chart

Blonder Tongue Laboratories Inc. is a technology-development and manufacturing company. The Company together with its wholly owned subsidiary R. L. Drake Holdings LLC offers products and services to the cable entertainment and media industry. The Company offers television signal encoding transcoding digital transport and broadband product solutions throughout the United States and Canada. Three categories account for the majority of the Company’s revenue: Digital Video Headend products Analog Video Headend products and HFC Distribution products. The customers of the Company include business entities installing private video and data networks in the environments cable television operators telecom or satellite providers integrators architects engineers or the next generation of Internet Protocol Television (IPTV) streaming video providers.

Leave a Reply

Blonder Tongue Labs - Is it time to Sell?

Top Brokerage Firms are advising their investors on Blonder Tongue Labs. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.