Echelon Corp. (NASDAQ:ELON) Director Robert J. Finocchio acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were purchased at an average price of $4.37 per share, with a total value of $43,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Echelon Corp. (NASDAQ:ELON) traded up 4.8629% during mid-day trading on Thursday, hitting $4.5888. The company had a trading volume of 31,830 shares. The company’s market capitalization is $20.34 billion. The firm’s 50-day moving average price is $4.94 and its 200 day moving average price is $4.98. Echelon Corp. has a one year low of $4.17 and a one year high of $6.90.

A hedge fund recently raised its stake in Echelon Corp. stock. Royce & Associates LP raised its stake in shares of Echelon Corp. (NASDAQ:ELON) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 347,352 shares of the company’s stock after buying an additional 16,500 shares during the period. Royce & Associates LP owned about 7.86% of Echelon Corp. worth $1,653,000 as of its most recent filing with the SEC. Institutional investors own 22.83% of the company’s stock.

About Echelon Corp.

Echelon Corporation develops open-standard control networking platforms and delivers elements necessary to design, install, monitor and control communities of devices. The Company’s products enable everyday devices, such as air conditioners, outdoor lighting, appliances, electricity meters, light switches, thermostats and valves to be inter-connected and be part of the Industrial Internet of Things (IIoT) market.

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