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Somewhat Positive News Coverage Somewhat Unlikely to Affect Ballantyne Strong (BTN) Share Price
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Ballantyne Strong (BTN) traded up 1.53% during midday trading on Friday, hitting $6.65. The company had a trading volume of 14,640 shares. The company has a 50 day moving average price of $6.56 and a 200 day moving average price of $6.44. The firm’s market capitalization is $95.87 million. Ballantyne Strong has a 1-year low of $5.50 and a 1-year high of $8.10.
In related news, CEO Kyle Cerminara bought 6,000 shares of the stock in a transaction on Thursday, June 1st. The shares were bought at an average cost of $6.60 per share, for a total transaction of $39,600.00. Following the completion of the transaction, the chief executive officer now owns 182,728 shares of the company’s stock, valued at approximately $1,206,004.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Global Investors Fundamental bought 100,000 shares of the stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $5.87 per share, for a total transaction of $587,000.00. The disclosure for this purchase can be found here. Insiders have acquired 124,851 shares of company stock worth $750,895 over the last 90 days.
Ballantyne Strong Company Profile
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.