Today, the VP, Global Marketing of Steelcase Inc (NYSE: SCS), Allan Smith, sold shares of SCS for $259.6K.
Following Allan Smith’s last SCS Sell transaction on December 28, 2016, the stock climbed by 2.2%. In addition to Allan Smith, 2 other SCS executives reported Sell trades in the last month.
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Based on Steelcase Inc’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $876 million and quarterly net profit of $48.1 million. In comparison, last year the company earned revenue of $776 million and had a net profit of $36.2 million. SCS’s market cap is $2.21B and the company has a P/E ratio of 24.52. Currently, Steelcase Inc has an average volume of 1.48M.
The insider sentiment on Steelcase Inc has been negative according to 78 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Steelcase, Inc. engages in the provision of furnishing solutions; and architecture, furniture, and technology products. It operates through following segments: Americas, EMEA, and Others. The Americas segment serves customers in the United States (U.S.), Canada, the Caribbean Islands, and Latin America.
