Revenue Update on WSI Industries(NASDAQ:WSCI)

WSI Industries(NASDAQ:WSCI) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during After-Market on Mar 21, 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 $-0.12.

WSI Industries (WSCI) made into the market gainers list on Fridays trading session with the shares advancing 3.08% or 0.1 points. Due to strong positive momentum, the stock ended at $3.35, which is also near the day’s high of $3.35. The stock began the session at $3.25 and the volume stood at 8,744 shares. The 52-week high of the shares is $3.99 and the 52 week low is $2.73. The company has a current market capitalization of $9.8 M and it has 29,19,500 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 5, 2015, Benjamin Rashleger (CEO) purchased 4,500 shares at $4.36 per share price.Also, On Jan 28, 2015, Burton F. Ii Myers (director) sold 2,000 shares at $5.80 per share price.

WSI Industries Inc. is a United States of America-based company involved in performing precision contract machining for the aerospace communication and industrial markets. The major portions of Company revenues are derived from machining work for the aerospace/avionics/defense industries recreational power-sports vehicles (ATV and motorcycle) markets energy industry and bioscience industry. Contract manufacturing constitutes the Company’s entire business. The Company manufactures metal components in medium to high volumes requiring tolerances as close as one ten-thousandth of an inch. These components are manufactured in accordance with customer specifications using materials both purchased by the Company as well as being supplied by the customer.

Add Comment