Straight Path Communications Inc (STRP) Director Sells $897,950.00 in Stock

Straight Path Communications Inc (NASDAQ:STRP) Director Fred S. Zeidman sold 5,000 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $179.59, for a total value of $897,950.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Straight Path Communications Inc (NASDAQ:STRP) traded up 0.54% during midday trading on Monday, hitting $180.04. The stock had a trading volume of 238,482 shares. Straight Path Communications Inc has a one year low of $15.06 and a one year high of $235.88. The company’s market cap is $2.29 billion. The stock’s 50-day moving average is $177.26 and its 200-day moving average is $77.00.

Straight Path Communications (NASDAQ:STRP) last posted its quarterly earnings data on Friday, June 9th. The company reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.28. The firm had revenue of $0.17 million for the quarter, compared to the consensus estimate of $0.17 million. During the same period last year, the company posted $0.25 EPS. Equities analysts predict that Straight Path Communications Inc will post ($3.19) EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Straight Path Communications (NASDAQ:STRP)

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Straight Path Communications Company Profile

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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