Mfri Inc (MFRI) Files Form 4 Insider Selling : Karl J Schmidt Sells 4,000 Shares

Mfri Inc (MFRI): Karl J Schmidt , VP and CFO of Mfri Inc sold 4,000 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $6.75 per share for a total value of $27,000.00 , the company said in a SEC Form 4 Filing.

MFRI: On Wednesday, May 4, 2016 heightened volatility was witnessed in MFRI which led to swings in the share price. The shares opened for trading at $6.75 and hit $6.93 on the upside , eventually ending the session at $6.9, with a gain of 2.37% or 0.16 points. The heightened volatility saw the trading volume jump to 16,962 shares. The 52-week high of the share price is $8.37 and the company has a market cap of $51 M . The 52-week low of the share price is at $4.48.

MFRI Money Flow Index Chart

MFRI Inc. (MFRI) is engaged in manufacturing and selling piping systems and filtration products. The Company operates through two business segments: Piping Systems and Filtration Products. The Piping Systems segment engineers designs manufactures and sells specialty piping and leak detection and location systems. The Company’s trademarks connected with its piping and leak detection systems include Perma-Pipe Chil-Gard Double Quik Escon-A FluidWatch Galva-Gard Polytherm Pal-AT Stereo-Heat LiquidWatch PalCom Xtru-therm Auto-Therm Pex-Gard Multi-Therm Ultra-Therm Cryo-Gard Sleeve-Gard Electro-Gard Sulphur-Therm Permalert Ric-Wil and Xtru-therm. The Filtration Products segment manufactures and sells a range of filter elements for use in industrial air filtration systems and particulate collection systems. The Company’s filtration products trademarks include Seamless Tube Leak Seeker Prekote We Take the Dust Out of Industry Pleatkeeper Pleat Plus and EFC.

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