Methode Electronics Inc (MEI) Files Form 4 Insider Selling : Douglas A Koman Sells 26,666 Shares

Methode Electronics Inc (MEI): Douglas A Koman , Chief Financial Officer of Methode Electronics Inc sold 26,666 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $34.37 per share for a total value of $916,603.75 , 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 6, 2016, Kill Theodore (VP Worldwide Auto Sales) sold 4,000 shares at $34.29 per share price.On Jul 6, 2016, Timothy Glandon (VP&GM NA Automotive) sold 4,000 shares at $34.62 per share price.Also, On Jul 6, 2016, Donald W Duda (CEO) purchased 1,153 shares at $0.00 per share price.On Jul 6, 2016, Ronald L.g. Tsoumas (Controller & Treasurer) sold 8,057 shares at $34.05 per share price.

Shares of Methode Electronics (MEI) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.94 points or -2.72% at $33.58 with 1,90,547 shares getting traded. Post opening the session at $34.3, the shares hit an intraday low of $33.35 and an intraday high of $34.4 and the price vacillated in this range throughout the day. The company has a market cap of $1,237 M and the number of outstanding shares has been calculated to be 3,68,35,361 shares. The 52-week high of Methode Electronics is $37.25 and the 52-week low is $22.67.

Methode Electronics Money Flow Index Chart

Company has been under the radar of several Street Analysts.Methode Electronics is Upgraded by Robert W. Baird to Outperform and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $35 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 24, 2016.

Methode Electronics Inc. (Methode) is a global manufacturer of component and subsystem devices. The Company designs manufactures and markets devices employing electrical radio remote control electronic wireless and sensing technologies. It operates through segments including Automotive Interface Power Products and Other. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile original equipment manufacturers. The Interface segment provides a range of copper and fiber-optic interface and interface solutions for the aerospace appliance commercial computer construction consumer material handling medical military mining networking storage and telecommunications markets. The Power Products segment manufactures braided flexible cables and current-carrying laminated bus devices among others. The Other segment includes medical devices inverters and battery systems and insulated gate bipolar transistor solutions.

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