Today, the CAO of Insteel Industries, Scot Jafroodi, exercised options of Insteel Industries (NASDAQ: IIIN) for $177.5K.
See today’s analyst top recommended stocks >>
Based on Insteel Industries’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $107 million and quarterly net profit of $5.88 million. In comparison, last year the company earned revenue of $101 million and had a net profit of $7.42 million. IIIN’s market cap is $607.5M and the company has a P/E ratio of 24.71. Currently, Insteel Industries has an average volume of 25.83K.
Scot Jafroodi’s trades have generated a -11.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Insteel Industries, Inc. manufactures and markets steel wire reinforcing products for concrete construction applications. It also manufactures and markets prestressed concrete strand and welded wire reinforcement, including concrete pipe reinforcement and engineered structural mesh.
