Revenue Update on AEP Industries(NASDAQ:AEPI)

AEP Industries(NASDAQ:AEPI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jun 9, 2016. Earnings per share were $2.68.

AEP Industries (AEPI) made into the market gainers list on Tuesdays trading session with the shares advancing 5.21% or 3.9 points. Due to strong positive momentum, the stock ended at $78.7, which is also near the day’s high of $80.68. The stock began the session at $74.83 and the volume stood at 79,048 shares. The 52-week high of the shares is $93.94 and the 52 week low is $42.9801. The company has a current market capitalization of $402 M and it has 51,13,801 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 2, 2016, John J Powers (President and COO) sold 375 shares at $81.75 per share price.Also, On Feb 1, 2016, Paul Vegliante (EVP Operations) sold 9,644 shares at $83.78 per share price.On Jan 22, 2016, Lee C Stewart (director) sold 2,150 shares at $78.79 per share price, according to the Form-4 filing with the securities and exchange commission.

AEP Industries Inc. is a manufacturer of plastic packaging films in North America. The Company manufactures and markets a diverse line of polyethylene and polyvinyl chloride flexible packaging products with consumer industrial and agricultural applications. Its plastic packaging films are used in the packaging transportation beverage food automotive pharmaceutical chemical electronics and construction agriculture and textile industries. Its products include custom films stretch (pallet) wrap food contact PROformance films canliners printed and converted films and other products and specialty films. It manufactures plastic films principally from resins blended with other raw materials which it either sells or further processes by printing laminating slitting or converting. It manufactures both industrial grade products and specialty products.

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