Lmi Aerospace Inc (LMIA) Files Form 4 Insider Selling : Ronald S Saks Sells 9,000 Shares

Lmi Aerospace Inc (LMIA): Ronald S Saks , director of Lmi Aerospace Inc sold 9,000 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $8.42 per share for a total value of $75,611.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 4, 2016, Ronald S Saks (director) sold 16,995 shares at $10.10 per share price.On Aug 24, 2015, Daniel G. Korte (CEO & President) purchased 2,500 shares at $11.60 per share price.Also, On Jun 3, 2015, Gregory L Summe (director) purchased 200,000 shares at $10.00 per share price.On Jun 2, 2015, Joseph J. Demartino (COO) purchased 1,000 shares at $10.15 per share price.

LMI Aerospace: On Friday, Jun 3, 2016 heightened volatility was witnessed in LMI Aerospace which led to swings in the share price. The shares opened for trading at $8.4452 and hit $8.5 on the upside , eventually ending the session at $8.42, with a gain of 0.24% or 0.02 points. The heightened volatility saw the trading volume jump to 5,987 shares. The 52-week high of the share price is $12.25 and the company has a market cap of $113 M . The 52-week low of the share price is at $8.06.

LMI Aerospace Money Flow Index Chart

Company has been under the radar of several Street Analysts.LMI Aerospace is Reiterated by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 11 from a previous price target of $12 . The Rating was issued on Mar 10, 2016.

LMI Aerospace Inc. is a supplier of structural assemblies kits and components and design engineering services to the aerospace and defense markets. The Company offers a range of manufacturing capabilities as well as engineering and services to the commercial corporate and regional and military aircraft markets. It also provides prototyping testing and design capabilities to customers in support of product development and in-service aircraft. In addition to aerospace products the Company produces components and assemblies for laser equipment used by semiconductor equipment manufacturers electronic and electrical wire harnesses cable assemblies and mechanical sub-assemblies for the air and rail traffic control medical equipment telecommunications and heavy equipment industries. The Company operates in two business segments consisting of its Aerostructures segment and its Engineering Services segment.

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