Genie Energy Ltd. (NYSE:GNE) Director James A. Courter sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $5.84, for a total value of $29,200.00. Following the completion of the transaction, the director now directly owns 421,983 shares in the company, valued at $2,464,380.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Genie Energy Ltd. (NYSE:GNE) opened at 5.77 on Friday. Genie Energy Ltd. has a 52-week low of $5.69 and a 52-week high of $13.90. The stock has a market capitalization of $142.21 million, a price-to-earnings ratio of 17.28 and a beta of 2.47. The firm has a 50-day moving average price of $6.12 and a 200 day moving average price of $6.93.
Genie Energy (NYSE:GNE) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $44 million for the quarter, compared to analysts’ expectations of $39.50 million. Genie Energy had a return on equity of 8.71% and a net margin of 4.33%. On average, equities research analysts predict that Genie Energy Ltd. will post ($0.77) EPS for the current year.
Genie Energy Company Profile
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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