Revenue Update on Tel-Instrument Electronics Corp.(NYSEMKT:TIK)

Tel-Instrument Electronics Corp.(NYSEMKT:TIK) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-market on Aug 18, 2016. Earnings per share were $0.10.

Tel-Instrument Electronics Corp. (TIK) shares turned negative on Mondays trading session with the shares closing down -0.01 points or -0.25% at a volume of 100. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.99. The peak price level was also seen at $3.99 while the days lowest was $3.99. Finally the shares closed at $3.99. The 52-week high of the shares is $6.42 while the 52-week low is $3.5009. According to the latest information available, the market cap of the company is $13 M.

Several Insider Transactions has been reported to the SEC. On Jan 29, 2015, Robert A Rice (director) purchased 3,500 shares at $5.02 per share price.

Tel-Instrument Electronics Corp. is a designer and manufacturer of avionics test and measurement instruments for the commercial air transport general aviation and Government/military aerospace and defense markets. The Company has two segments: Avionics Government and Avionics Commercial. The Company’s Avionics Government segment consists primarily of the design manufacture and sale of test equipment to the United States and foreign Governments and militaries either directly or through distributors. The Company’s Avionics Commercial segment consists of design manufacture and sale of test equipment to domestic and foreign airlines directly or through commercial distributors and to general aviation repair and maintenance shops. The Company provides instruments to test and measure and calibrates and repairs a range of airborne navigation and communication equipment.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *