Telkonet Inc. (TKOI) Scheduled to Post Earnings on Monday
Shares of Telkonet Inc. (OTCMKTS:TKOI) opened at 0.175 on Monday. The company has a market capitalization of $23.28 million, a PE ratio of 5.645 and a beta of 0.32. Telkonet Inc. has a 12-month low of $0.12 and a 12-month high of $0.25. The stock’s 50 day moving average price is $0.18 and its 200 day moving average price is $0.16.
In related news, Director Peter T. Kross purchased 277,300 shares of Telkonet stock in a transaction that occurred on Thursday, June 29th. The shares were acquired at an average cost of $0.17 per share, for a total transaction of $47,141.00. Following the transaction, the director now directly owns 4,581,055 shares in the company, valued at $778,779.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arthur E. Byrnes purchased 750,000 shares of Telkonet stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average price of $0.17 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the director now owns 1,749,479 shares in the company, valued at $297,411.43. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,160,425 shares of company stock worth $195,941. 9.30% of the stock is currently owned by insiders.
Telkonet, Inc (Telkonet) provides EcoSmart Platform of intelligent automation solutions to support the Internet of Things. The Company’s business is based on two synergistic divisions: EcoSmart Energy Management Technology (EcoSmart division) and EthoStream High Speed Internet Access (HSIA) Network (EthoStream division).
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