Straight Path Communications Inc (NASDAQ:STRP) Director Fred S. Zeidman sold 5,000 shares of the business’s stock in a transaction on Monday, June 19th. The stock was 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 available at this link.
Shares of Straight Path Communications Inc (NASDAQ STRP) traded up 0.18% during midday trading on Friday, hitting $180.00. 76,902 shares of the stock were exchanged. Straight Path Communications Inc has a 12-month low of $15.06 and a 12-month high of $235.88. The stock’s 50 day moving average is $179.68 and its 200 day moving average is $87.15. The firm’s market cap is $2.29 billion.
Straight Path Communications (NASDAQ:STRP) last posted its earnings results on Friday, June 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.28. The company had revenue of $0.17 million for the quarter, compared to analyst estimates of $0.17 million. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, equities research analysts forecast that Straight Path Communications Inc will post ($3.19) earnings per share for the current fiscal year.
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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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