Revenue Update on Giga-tronics Incorporated(NASDAQ:GIGA)

Giga-tronics Incorporated(NASDAQ:GIGA) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jun 6, 2016. Earnings per share were $-0.16.

Giga-tronics Incorporated (GIGA) shares turned negative on Fridays trading session with the shares closing down -0.02 points or -1.74% at a volume of 28,199. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.18. The peak price level was also seen at $1.18 while the days lowest was $1.12. Finally the shares closed at $1.13. The 52-week high of the shares is $3.85 while the 52-week low is $0.8621. According to the latest information available, the market cap of the company is $11 M.

Several Insider Transactions has been reported to the SEC. On Feb 2, 2016, John R Regazzi (CEO) purchased 80,400 shares at $1.15 per share price.Also, On Sep 9, 2015, Lutz P Henckels (director) sold 13,000 shares at $1.47 per share price.On Sep 1, 2015, Michael Penta (Vice President of Sales) sold 10,000 shares at $1.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Giga-tronics Incorporated (Giga-tronics) includes the operations of the Giga-tronics Division and Microsource Inc. (Microsource) a wholly owned subsidiary. Giga-tronics Division designs manufactures and markets a line of test and measurement equipment used in the development test and maintenance of wireless communications products and systems flight navigational equipment electronic defense systems and automatic testing systems. These products are used primarily in the design production repair and maintenance of commercial telecommunications radar and electronic warfare equipment. The Company manufactures products used in test measurement and control. The Company has two segments: Giga-tronics Division and Microsource. The Giga-tronics Division produces signal sources generators and sweepers and power measurement instruments. The Microsource segment develops and manufactures a line of yttrium iron garnet (YIG) tuned oscillators filters and microwave synthesizers.

Comments (0)

Leave a Reply

Your email address will not be published.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

Giga-tronics Incorporated - Is it time to Sell?

Top Brokerage Firms are advising their investors on Giga-tronics Incorporated. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.