Straight Path Communications Inc (NASDAQ:STRP) Director Fred S. Zeidman sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $179.59, for a total transaction of $897,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Straight Path Communications Inc (STRP) traded down 0.24% during mid-day trading on Tuesday, reaching $179.60. 125,355 shares of the company’s stock were exchanged. Straight Path Communications Inc has a 52-week low of $15.06 and a 52-week high of $235.88. The company has a 50 day moving average price of $178.72 and a 200 day moving average price of $78.93. The firm’s market cap is $2.28 billion.
Straight Path Communications (NASDAQ:STRP) last announced its quarterly earnings results on Friday, June 9th. The company reported ($0.49) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.28. The business had revenue of $0.17 million for the quarter, compared to analyst estimates of $0.17 million. During the same period in the prior year, the firm earned $0.25 earnings per share. Analysts forecast that Straight Path Communications Inc will post ($3.19) earnings per share for the current fiscal year.
About Straight Path Communications
Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.
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