Revenue Update on Preformed Line Products Company
Preformed Line Products Company(NASDAQ:PLPC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Earnings per share were $0.53.
Preformed Line Products Company (PLPC) shares turned negative on Wednesdays trading session with the shares closing down -0.53 points or -1.29% at a volume of 1,415. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $40.54. The peak price level was also seen at $40.54 while the days lowest was $40.54. Finally the shares closed at $40.54. The 52-week high of the shares is $48.98 while the 52-week low is $28.3. According to the latest information available, the market cap of the company is $209 M.
Several Insider Transactions has been reported to the SEC. On Mar 22, 2016, William H Iii Haag (V.P.-International Operations) purchased 60 shares at $42.92 per share price.Also, On Mar 22, 2016, Glen E Corlett (director) purchased 1,000 shares at $41.20 per share price.On Dec 11, 2015, Michael E Gibbons (director) purchased 1,000 shares at $41.86 per share price, according to the Form-4 filing with the securities and exchange commission.
Preformed Line Products Company (PLPC) is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy telecommunication cable operators information (data communication) and other similar industries. The Company’s products support protect connect terminate and secure cables and wires. It also provides solar hardware systems and mounting hardware for a variety of solar power applications.
PLPC’s products include formed wire and related hardware products protective closures plastic products and other products. Its segments operate in four geographic regions: PLP-USA The Americas Europe Middle East and Africa (EMEA) and Asia-Pacific. The Company’s products include Formed Wire and Related Hardware Products Protective Closures Data Communication Cabinets Plastic Products and Other Products.