Powerflute Oyj (POWR) Insider Acquires £1,872 in Stock
Powerflute Oyj (LON:POWR) insider Maria Teresa Aliu Presas acquired 3,600 shares of the stock in a transaction dated Wednesday, November 26th. The stock was bought at an average price of GBX 52 ($0.68) per share, for a total transaction of £1,872 ($2,443.55).
Powerflute Oyj (LON:POWR) traded up 0.222% during midday trading on Monday, hitting GBX 89.198. The stock had a trading volume of 60,264 shares. The company’s market cap is GBX 256.21 million. Powerflute Oyj has a 1-year low of GBX 62.00 and a 1-year high of GBX 100.98. The company’s 50 day moving average is GBX 82.65 and its 200 day moving average is GBX 76.49.
Separately, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 105 ($1.37) price objective on shares of Powerflute Oyj in a research note 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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