The stock has traded between $9 and $18 for the past 4 years and is now back at its low. Although it broke through momentarily last week, the stock recovered and is now looking good for a bounce.
Here are the quick facts on this one:
• 1 analyst believes it’s a “Strong Buy,” while another believes it’s a “Hold”
• The P/E Ratio is 21.1 vs. 27.1 for the industry, while Forward P/Es are 20.7and 26.7 respectively
• The company has $72 Million in debt and $18 Million in cash
• 14.31% is held by insiders, while institutions hold 82.80%
• Insiders were consistently selling shares over the past three years, but have sold nothing since the first of May
• Institutional accumulation has been strong with 7 institutions increasing their position 100% or more over the last 10 days