Straight Path Communications Inc (STRP) to Release Quarterly Earnings on Monday

Straight Path Communications Inc (NASDAQ:STRP) is set to issue its quarterly earnings data on Monday, October 16th. Analysts expect the company to announce earnings of ($0.27) per share for the quarter.

Shares of Straight Path Communications Inc (STRP) traded up 0.08% during mid-day trading on Thursday, hitting $181.66. The stock had a trading volume of 94,803 shares. The stock’s 50-day moving average is $180.30 and its 200 day moving average is $162.18. Straight Path Communications Inc has a 1-year low of $21.85 and a 1-year high of $235.88. The firm’s market capitalization is $2.31 billion.

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In other Straight Path Communications news, major shareholder Howard S. Jonas sold 21,213 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $179.11, for a total value of $3,799,460.43. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Howard S. Jonas sold 145,579 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $179.32, for a total transaction of $26,105,226.28. Following the completion of the sale, the insider now owns 14,297 shares in the company, valued at approximately $2,563,738.04. The disclosure for this sale can be found here.

About Straight Path Communications

Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.

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