Interface Inc (TILE) Files Form 4 Insider Buying : Jay Gould Buys 10,000 Shares

Interface Inc (TILE): Jay Gould , COO of Interface Inc purchased 10,000 shares on Jun 29, 2016. The Insider buying transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were purchased at $14.76 per share for a total value of $147,600.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Daniel T Hendrix (Chairman & CEO) sold 3,000 shares at $17.10 per share price.On Apr 5, 2016, Patrick C Lynch (Sr. Vice President & CFO) sold 1,500 shares at $18.22 per share price.Also, On Mar 21, 2016, Raymond S Willoch (Sr. Vice President) sold 15,000 shares at $17.15 per share price.On Dec 3, 2015, John R Wells (Sr. Vice President) sold 4,445 shares at $19.87 per share price.

Interface: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Interface which led to swings in the share price. The shares opened for trading at $14.87 and hit $15.01 on the upside , eventually ending the session at $15.01, with a gain of 2.32% or 0.34 points. The heightened volatility saw the trading volume jump to 11,13,770 shares. The 52-week high of the share price is $27.17 and the company has a market cap of $983 M . The 52-week low of the share price is at $13.7.

Interface Money Flow Index Chart

Company has been under the radar of several Street Analysts.Interface is Downgraded by Raymond James to Underperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on Jun 24, 2016.Interface is Downgraded by Longbow to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 5, 2016.Interface is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 27, 2016.Interface is Downgraded by Barclays to Underweight and the brokerage firm has set the Price Target at $17. Earlier the firm had a rating of Equal Weight on the company shares. The Rating was issued on Apr 7, 2016.

Interface Inc. is engaged in design production and sales of modular carpet also known as carpet tile across the world. The Company markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company’s revenues are derived from sales of floorcovering products primarily modular carpet. The Company distributes its product through two primary channels: direct sales to end users and indirect sales through independent contractors or distributors. The Company sells an antimicrobial chemical compound under the trademark Intersept that the Company incorporates in all of its modular carpet products. The Company manufactures carpet at two locations in the United States and at facilities in the Netherlands the United Kingdom Thailand China and Australia. The Company’s principal geographic markets are the Americas Europe and Asia-Pacific.

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