Insider Selling: Jason Industries Inc (JASN) Director Sells 1,000,000 Shares of Stock
Jason Industries Inc (NASDAQ:JASN) Director Jeffry N. Quinn sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $2.70, for a total transaction of $2,700,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of JASN stock traded down $0.09 during trading hours on Wednesday, hitting $2.82. 1,066,400 shares of the company were exchanged, compared to its average volume of 76,421. The company has a quick ratio of 1.48, a current ratio of 2.19 and a debt-to-equity ratio of -11.40. Jason Industries Inc has a 52 week low of $1.15 and a 52 week high of $3.88. The company has a market capitalization of $79.44 million, a price-to-earnings ratio of 291.00 and a beta of 0.13.
Jason Industries (NASDAQ:JASN) last issued its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.03. Jason Industries had a negative net margin of 0.10% and a negative return on equity of 1.05%. The company had revenue of $168.42 million during the quarter, compared to the consensus estimate of $161.40 million. equities analysts expect that Jason Industries Inc will post -0.13 EPS for the current year.
Several brokerages have commented on JASN. Zacks Investment Research raised shares of Jason Industries from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 5th. ValuEngine raised shares of Jason Industries from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd.
Jason Industries Company Profile
Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).
Further Reading: Stock Symbols and CUSIP Explained
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