Ballantyne Strong Inc (BTN) Releases Earnings Results
Ballantyne Strong Inc (NYSE:BTN) posted its quarterly earnings results on Monday. The consumer goods maker reported ($0.07) EPS for the quarter, Bloomberg Earnings reports. The company had revenue of $12.81 million during the quarter. Ballantyne Strong had a negative return on equity of 17.27% and a negative net margin of 8.95%.
Ballantyne Strong (BTN) remained flat at $$6.15 during trading hours on Wednesday. The company had a trading volume of 200 shares, compared to its average volume of 17,144. Ballantyne Strong has a 52 week low of $5.50 and a 52 week high of $8.10.
In related news, Director Global Investors Fundamental purchased 100,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of $5.87 per share, for a total transaction of $587,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Kyle Cerminara purchased 4,231 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $6.00 per share, for a total transaction of $25,386.00. Following the purchase, the chief executive officer now directly owns 186,959 shares in the company, valued at approximately $1,121,754. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 160,892 shares of company stock valued at $977,396.
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About Ballantyne Strong
Ballantyne Strong, Inc is a holding company. The Company’s business activities focus on serving the cinema, retail, financial and government markets. The Company and its subsidiaries design, integrate and install technology solutions for a range of applications; develop and deliver out-of-home messaging, advertising and communications; manufacture projection screens, and provide managed services, including monitoring of networked equipment to its customers.
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