Ballantyne Strong Inc (NYSEAMERICAN:BTN) shot up 10.8% on Monday . The company traded as high as $3.00 and last traded at $2.83, 423,823 shares traded hands during trading. An increase of 1,488% from the average session volume of 26,689 shares. The stock had previously closed at $2.55.
Ballantyne Strong (NYSEAMERICAN:BTN) last released its quarterly earnings results on Wednesday, August 14th. The consumer goods maker reported ($0.24) EPS for the quarter. The firm had revenue of $14.27 million during the quarter.
In other Ballantyne Strong news, Director Global Investors Fundamental bought 15,296 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $2.61 per share, for a total transaction of $39,922.56. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have purchased 274,290 shares of company stock worth $824,712.
About Ballantyne Strong (NYSEAMERICAN:BTN)
Ballantyne Strong, Inc designs, integrates, and installs technology solutions for the cinema, retail, financial, advertising, and government markets worldwide. It operates in three segments: Strong Cinema, Convergent, and Strong Outdoor. The Cinema segment provides audio-visual products and accessories, such as digital projectors, projection screens, servers, library management systems, menu boards, flat panel displays, and sound systems, as well as network monitoring and on-site service for cinema equipment.
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