Today, the EVP & COO of Tower International (NYSE: TOWR), Michael Rajkovic, sold shares of TOWR for $593K.
Following Michael Rajkovic’s last TOWR Sell transaction on February 21, 2017, the stock climbed by 5.0%.
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Based on Tower International’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $564 million and quarterly net profit of $17.3 million. In comparison, last year the company earned revenue of $498 million and had a net profit of $17.35 million. TOWR’s market cap is $668.3M and the company has a P/E ratio of 13.47. Currently, Tower International has an average volume of 248.6K.
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Tower International, Inc. manufactures engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers. It offers its automotive customers a broad product portfolio, supplying body-structure stampings, frame and other chassis structures as well as complex welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles. It also operates through two geographical segments: North America and Europe. The company was founded in 1993 and is headquartered in Livonia, MI.
