Xerium Technologies Inc (XRM) Files Form 4 Insider Buying : John F Mcgovern Buys 10,000 Shares

Xerium Technologies Inc (XRM): John F Mcgovern , director of Xerium Technologies Inc purchased 10,000 shares on May 19, 2016. The Insider buying transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.91 per share for a total value of $59,177.45 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, Harold C Bevis (CEO) purchased 8,200 shares at $6.05 per share price.On May 10, 2016, Clifford E Pietrafitta (CFO) purchased 4,181 shares at $5.92 per share price.Also, On Dec 29, 2015, Asset Management L Tocqueville (10% owner) purchased 18,800 shares at $10.86 per share price.

Xerium Technologies: On Friday, May 20, 2016 heightened volatility was witnessed in Xerium Technologies which led to swings in the share price. The shares opened for trading at $5.81 and hit $5.99 on the upside , eventually ending the session at $5.89, with a gain of 1.38% or 0.08 points. The heightened volatility saw the trading volume jump to 58,581 shares. The 52-week high of the share price is $18.8 and the company has a market cap of $94 M . The 52-week low of the share price is at $4.15.

Xerium Technologies Money Flow Index Chart

Xerium Technologies Inc. (Xerium) is a global manufacturer and supplier of two types of consumable products used primarily in the production of paper: machine clothing and roll covers. The Company markets its products through brands such as Huyck Wangner Weavexx Stowe Woodward Mount Hope Robec and Xibe. The Company operates in two segments: machine clothing and roll covers. Its machine clothing segment products include various types of industrial textiles used on paper-making machines and other industrial applications. Through its roll covers segment it manufactures various types of roll covers refurbishes previously installed roll covers provides mechanical services for the internal mechanisms of rolls used on paper-making machines and manufactures spreader rolls. In addition its products are also installed in other industrial applications such as non-woven and fiber cement machines.

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