Today it was reported that the COB, Pres & CEO of Quanex (NX), William Griffiths, exercised options to buy 10,489 NX shares at $15.20 a share, for a total transaction value of $159.5K.
This recent transaction increases William Griffiths’ holding in the company by 4.9% to a total of $4.34 million.
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Based on Quanex’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $218 million and GAAP net loss of $23.97 million. In comparison, last year the company earned revenue of $214 million and had a net profit of $4.14 million. Currently, Quanex has an average volume of 304.2K.
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Quanex Building Products Corp. engages in the manufacture of components sold to original equipment manufacturers in the building products industry. It also designs and produces energy-efficient fenestration products in addition to kitchen and bath cabinet components.
