Daktronics Inc /sd/ (DAKT) Files Form 4 Insider Buying : Kevin Patrick Mcdermott Buys 2,000 Shares

Daktronics Inc /sd/ (DAKT): Kevin Patrick Mcdermott , director of Daktronics Inc /sd/ purchased 2,000 shares on Jul 5, 2016. The Insider buying transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were purchased at $6.10 per share for a total value of $12,200.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 5, 2016, Kevin Patrick Mcdermott (director) purchased 2,000 shares at $6.10 per share price.On Jun 30, 2016, Reece A Kurtenbach (CEO) purchased 10,000 shares at $6.20 per share price.Also, On Sep 10, 2015, John Patrick Friel (director) purchased 5,000 shares at $8.60 per share price.On Jun 19, 2015, Matthew John Kurtenbach (VP of Manufacturing) sold 5,000 shares at $11.51 per share price.

Daktronics: On Friday, Jul 1, 2016 heightened volatility was witnessed in Daktronics which led to swings in the share price. The shares opened for trading at $6.44 and hit $6.5 on the upside , eventually ending the session at $6.34, with a gain of 1.44% or 0.09 points. The heightened volatility saw the trading volume jump to 10,07,676 shares. The 52-week high of the share price is $12.35 and the company has a market cap of $280 M . The 52-week low of the share price is at $5.92.

Daktronics Money Flow Index Chart

Company has been under the radar of several Street Analysts.Daktronics is Downgraded by Sidoti to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 1, 2016.

Daktronics Inc. (Daktronics) is a supplier of electronic scoreboards large electronic display systems digital messaging solutions software and services for sporting commercial and transportation applications. The Company operates in five segments: Commercial Live Events High School Park and Recreation Transportation and International. Commercial business segment consists of sales of its video display systems digital billboards Galaxy and Fuelight product lines. Its Live Events business segment consists of sales of integrated scoring and video display systems and sales of its mobile display technology. High School Park and Recreation business segment consists of sales of scoring systems Galaxy displays and video display systems. Its Transportation business segment consists of sales of its Vanguard and Galaxy product lines. Its International business unit consists of sales of all product lines outside the United States and Canada.

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