Tel Instrument Electronics Corp (TIK): Joseph P Macaluso , Principal Accounting Officer of Tel Instrument Electronics Corp sold 2,000 shares on Sep 9, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $4.00 per share for a total value of $8,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 2, 2016, Joseph P Macaluso (Chief Accounting Officer) sold 2,000 shares at $4.00 per share price.On Jan 29, 2015, Robert A Rice (director) purchased 3,500 shares at $5.02 per share price.
Shares of Tel-Instrument Electronics Corp. (TIK) ended Monday, Sep 12, 2016 session in red amid volatile trading. The shares closed down -0.2 points or -5.03% at $3.78 with 3,482 shares getting traded. Post opening the session at $3.98, the shares hit an intraday low of $3.78 and an intraday high of $3.98 and the price vacillated in this range throughout the day. The company has a market cap of $12 M and the number of outstanding shares has been calculated to be 3,255,887 shares. The 52-week high of Tel-Instrument Electronics Corp. is $6.42 and the 52-week low is $3.5009.
Tel-Instrument Electronics Corp. is a designer and manufacturer of avionics test and measurement instruments for the commercial air transport general aviation and Government/military aerospace and defense markets. The Company has two segments: Avionics Government and Avionics Commercial. The Company’s Avionics Government segment consists primarily of the design manufacture and sale of test equipment to the United States and foreign Governments and militaries either directly or through distributors. The Company’s Avionics Commercial segment consists of design manufacture and sale of test equipment to domestic and foreign airlines directly or through commercial distributors and to general aviation repair and maintenance shops. The Company provides instruments to test and measure and calibrates and repairs a range of airborne navigation and communication equipment.