American Electric Technologies(NASDAQ:AETI) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 28, 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 $-0.21.
American Electric Technologies (AETI) shares turned negative on Fridays trading session with the shares closing down -0.0155 points or -0.79% at a volume of 4,225. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2. The peak price level was also seen at $2 while the days lowest was $1.95. Finally the shares closed at $1.95. The 52-week high of the shares is $5.15 while the 52-week low is $1.5. According to the latest information available, the market cap of the company is $16 M.
Several Insider Transactions has been reported to the SEC. On Sep 10, 2015, William Charles Miller (COO) purchased 2,000 shares at $3.00 per share price.Also, On Sep 10, 2015, James Hoke Ii Peacock (director) purchased 1,375 shares at $3.14 per share price.On Aug 25, 2015, Neal Dikeman (director) purchased 6,250 shares at $4.10 per share price, according to the Form-4 filing with the securities and exchange commission.
American Electric Technologies Inc. (AETI) is a provider of power delivery solutions to the global energy industry. The Company operates through two segments: the Technical Products and Services (TP&S) segment which includes its power distribution power conversion automation and control systems business and the Electrical and Instrumentation Construction (E&I) segment which provides a range of electrical and instrumentation construction and installation services. These two segments encompass the operations of M&I Electric Industries Inc. (M&I) its wholly owned subsidiary and its interest in international joint ventures in China and Singapore. The principal markets that it serves include Oil and gas where the Company provides turn-key power delivery solutions for the upstream midstream and downstream oil and natural gas sectors; Power generation and distribution where it also provides turn-key power delivery solutions and Marine and Industrial.