Ian Michael Fishwick Sells 500,000 Shares of AdEPT Telecom plc (LON:ADT) Stock

AdEPT Telecom plc (LON:ADT) insider Ian Michael Fishwick sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of GBX 328 ($4.27), for a total value of £1,640,000 ($2,135,694.75).

AdEPT Telecom plc (LON ADT) traded down 3.12% during mid-day trading on Friday, hitting GBX 310.00. The company’s stock had a trading volume of 7,233 shares. AdEPT Telecom plc has a 12-month low of GBX 206.80 and a 12-month high of GBX 385.00. The firm’s 50-day moving average is GBX 329.61 and its 200-day moving average is GBX 329.26. The company’s market cap is GBX 73.47 million.

The firm also recently declared a dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, September 21st will be given a dividend of GBX 4 ($0.05) per share. The ex-dividend date is Thursday, September 21st. This is an increase from AdEPT Telecom plc’s previous dividend of $3.75. This represents a dividend yield of 1.18%.

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Separately, Northland Securities reaffirmed a “buy” rating and set a GBX 360 ($4.69) price objective on shares of AdEPT Telecom plc in a research report on Thursday, July 13th.

About AdEPT Telecom plc

AdEPT Telecom plc is an independent telecommunications provider. The Company offers a complete unified communications portfolio, such as fixed line calls, line rental, mobile, data connectivity, hardware, managed services, wireless fidelity (WiFi), Internet protocol (IP) telephony and information technology (IT) services.

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