Tel-Instrument Electronics Corp.(NYSEMKT:TIK) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.03.
Several Insider Transactions has been reported to the SEC. On Dec 5, 2016, Joseph P Macaluso (Principal Accounting Officer) sold 2,000 shares at $4.40 per share price.Also, On Jan 29, 2015, Robert A Rice (director) purchased 3,500 shares at $5.02 per share price.
Tel-Instrument Electronics Corp. is a designer and manufacturer of avionics test and measurement instruments for the commercial air transport general aviation and Government/military aerospace and defense markets. The Company has two segments: Avionics Government and Avionics Commercial. The Company’s Avionics Government segment consists primarily of the design manufacture and sale of test equipment to the United States and foreign Governments and militaries either directly or through distributors. The Company’s Avionics Commercial segment consists of design manufacture and sale of test equipment to domestic and foreign airlines directly or through commercial distributors and to general aviation repair and maintenance shops. The Company provides instruments to test and measure and calibrates and repairs a range of airborne navigation and communication equipment.