Insider Buying: Powerflute Oyj (POWR) Insider Buys 4,000 Shares of Stock
Powerflute Oyj (LON:POWR) insider Maria Teresa Aliu Presas bought 4,000 shares of the stock in a transaction on Friday, November 28th. The stock was purchased at an average cost of GBX 55 ($0.72) per share, for a total transaction of £2,200 ($2,871.69).
Powerflute Oyj (LON:POWR) traded up 0.222% during mid-day trading on Monday, hitting GBX 89.198. The company had a trading volume of 60,264 shares. The company’s market cap is GBX 256.21 million. Powerflute Oyj has a one year low of GBX 62.00 and a one year high of GBX 100.98. The company’s 50 day moving average price is GBX 82.65 and its 200-day moving average price is GBX 76.49.
Separately, Numis Securities Ltd reissued a “buy” rating and issued a GBX 105 ($1.37) target price on shares of Powerflute Oyj in a report on Monday, July 25th.
About Powerflute Oyj
Powerflute Oyj (Powerflute) is a paper and packaging company. The Company operates in two segments: Packaging Papers and Coreboard and Cores. Its Packaging Papers trades under the name Power flute, which is engaged in the production and sale of Nordic semi-chemical fluting for use in corrugated-box applications and operates a fluting mill in Kuopio, Finland.
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