Cenveo Inc (NYSE:CVO) major shareholder Nathu R. Puri bought 6,015 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was purchased at an average cost of $5.17 per share, with a total value of $31,097.55. Following the completion of the transaction, the insider now directly owns 904,706 shares of the company’s stock, valued at $4,677,330.02. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Cenveo Inc (CVO) traded up 0.49% during trading on Friday, hitting $6.10. The stock had a trading volume of 82,591 shares. The firm has a market capitalization of $52.17 million, a P/E ratio of 1.14 and a beta of 1.70. The stock’s 50-day moving average price is $5.51 and its 200 day moving average price is $5.88. Cenveo Inc has a 1-year low of $3.52 and a 1-year high of $10.50.
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Separately, TheStreet downgraded Cenveo from a “c-” rating to a “d+” rating in a research report on Tuesday, May 16th.
Cenveo Company Profile
Cenveo, Inc is a diversified manufacturing company focused on print-related products. The Company’s portfolio of products includes envelope converting, commercial printing and label manufacturing. The Company operates through three segments: Envelope, Print and Label. The Company’s Envelope segment offers direct mail products used for customer solicitations and transactional envelopes used for billing and remittance by end users, including financial institutions, insurance companies and telecommunications companies.
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