Revenue Update on MFRI(NASDAQ:MFRI)

MFRI(NASDAQ:MFRI) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during After-hours on Jun 10, 2016. Earnings per share were $-0.83.

MFRI (MFRI) made into the market gainers list on Wednesdays trading session with the shares advancing 6.82% or 0.5 points. Due to strong positive momentum, the stock ended at $7.83, which is also near the day’s high of $7.8699. The stock began the session at $7.18 and the volume stood at 2,00,585 shares. The 52-week high of the shares is $8.37 and the 52 week low is $4.48. The company has a current market capitalization of $58 M and it has 73,84,769 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, Karl J Schmidt (VP and CFO) sold 1,000 shares at $6.78 per share price.

MFRI Inc. (MFRI) is engaged in manufacturing and selling piping systems and filtration products. The Company operates through two business segments: Piping Systems and Filtration Products. The Piping Systems segment engineers designs manufactures and sells specialty piping and leak detection and location systems. The Company’s trademarks connected with its piping and leak detection systems include Perma-Pipe Chil-Gard Double Quik Escon-A FluidWatch Galva-Gard Polytherm Pal-AT Stereo-Heat LiquidWatch PalCom Xtru-therm Auto-Therm Pex-Gard Multi-Therm Ultra-Therm Cryo-Gard Sleeve-Gard Electro-Gard Sulphur-Therm Permalert Ric-Wil and Xtru-therm. The Filtration Products segment manufactures and sells a range of filter elements for use in industrial air filtration systems and particulate collection systems. The Company’s filtration products trademarks include Seamless Tube Leak Seeker Prekote We Take the Dust Out of Industry Pleatkeeper Pleat Plus and EFC.

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