Powerflute Oyj (POWR) Insider Buys £1,872 in Stock

Powerflute Oyj (LON:POWR) insider Maria Teresa Aliu Presas acquired 3,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was acquired at an average cost of GBX 52 ($0.64) per share, with a total value of £1,872 ($2,316.83).

Powerflute Oyj (LON:POWR) opened at 89.25 on Thursday. Powerflute Oyj has a one year low of GBX 62.00 and a one year high of GBX 99.78. The company has a 50-day moving average price of GBX 83.44 and a 200-day moving average price of GBX 76.60. The company’s market capitalization is GBX 256.36 million.

Separately, Numis Securities Ltd reissued a “buy” rating and issued a GBX 105 ($1.30) price objective on shares of Powerflute Oyj in a report on Tuesday, August 16th.

Powerflute Oyj Company Profile

Powerflute Oyj (Powerflute) is a paper and packaging company. The Company operates in two segments: Packaging Papers and Coreboard and Cores. Its Packaging Papers trades under the name Power flute, which is engaged in the production and sale of Nordic semi-chemical fluting for use in corrugated-box applications and operates a fluting mill in Kuopio, Finland.

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