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Garmin Ltd. Insider Selling: Insider Sells 2,413 Shares of the company’s stock

In a transaction dated on Nov 13th, the CEO and insider of Garmin Ltd. (NASDAQ:GRMN), Clifton A. Pemble sold his 2,413 shares of the company’s stock. According to a document filed with Securities and Exchange Commission, which you can access through this link, the sale was concluded for a total value of $145,503.90 at an average price of $60.30.

In addition, Clifton A. Pemble also made the following trades in the recent time:

He has also sold 38,302 shares on Nov 1st, which were sold for a total value of $2,298,120.00 at an average price of $60.00.

Through mid-day trading on Monday, Garmin Ltd. traded down $0.09, reaching to $61.70. As compared to the average volume of 1,114,814 Garmin’s stock, it had a trading volume of 415,222 shares. Further, the stock has a price-to-earnings-growth ratio of 2.55, a P/E ratio of 21.45, a market cap of $12,239.18, and a beta of 0.81. The company has a 1 year high of $62.61 and a 1 year low of $47.03.

Garmin Ltd. Insider Selling Insider Sells 2,413 Shares of the company’s stock

On November 1st this year, Garmin (NASDAQ:GRMN) released reports on its quarterly earnings. The company disclosed $0.75 earnings per share for this quarter, which is higher than the agreed estimate of $0.66 by $0.09. For the quarter, the company had a revenue of $743.00 million, higher than that of $722.00 million expectations of market analysts. Garmin had a net margin of 22.65% and a return on equity of 15.23%. As compared to the reports of the same quarter for the last year, the company’s revenue increased by 2.9%.

Around the same period in the preceding year, the company earned $0.75 EPS. Market research analysts expect that Garmin Ltd. would post 2.9 earnings per share for this year. The company has been the subject of many research analysts reports. In a recent Zacks Investment research, Garmin has been rated lower from “buy” to “hold” rating and there are many research reports on Garmin.

Source.

Garmin Map Update Customer Care Support Phone Number 1-833-451-4718

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