Genie Energy Ltd. (NYSE:GNE) Director James A. Courter sold 5,000 shares of Genie Energy stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $6.03, for a total value of $30,150.00. Following the sale, the director now directly owns 426,983 shares of the company’s stock, valued at approximately $2,574,707.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Genie Energy Ltd. (NYSE:GNE) opened at 6.11 on Tuesday. Genie Energy Ltd. has a 52-week low of $5.69 and a 52-week high of $14.97. The company’s 50-day moving average price is $6.32 and its 200-day moving average price is $7.03. The firm has a market cap of $150.59 million, a PE ratio of 18.29 and a beta of 2.45.
Genie Energy (NYSE:GNE) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.13 earnings per share for the quarter. Genie Energy had a net margin of 4.33% and a return on equity of 8.71%. The firm earned $44 million during the quarter, compared to analysts’ expectations of $39.50 million. Equities analysts expect that Genie Energy Ltd. will post ($0.77) earnings per share for the current fiscal year.
About Genie Energy
Genie Energy Ltd. (Genie) owns interest in its subsidiary, Genie Energy International Corporation, which owns Genie Retail Energy and Genie Oil and Gas, Inc The Company operates through three segments: Genie Retail Energy (GRE), Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas (GOGAS). The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc and Residents Energy, Inc, and energy brokerage and marketing services.
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