Insider Buying: Pen Inc (PENC) Director Acquires 33,898 Shares of Stock

Pen Inc (OTCMKTS:PENC) Director Howard G. Westerman, Jr. purchased 33,898 shares of the firm’s stock in a transaction dated Tuesday, October 16th. The shares were acquired at an average cost of $0.50 per share, with a total value of $16,949.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of PENC opened at $0.58 on Friday. Pen Inc has a twelve month low of $0.35 and a twelve month high of $1.60.

PEN Company Profile

PEN Inc develops, commercializes, and markets consumer and industrial products enabled by nanotechnology primarily in the United States. It operates through two segments, Product and Contract Services. The company offers anti-fogging towelettes to the military for safety, anti-fogging, and conditioning of lenses, masks, and head gears, as well as other applications, such as head's up displays; mar and stain resistant coatings for high end vitreous China tableware in restaurants, cruise ships, and casinos; clear protective coatings used on display panels and touch screens to remove fingerprints; protective and water repelling coatings for interior glass and ceramic surfaces to clean and prevent scale and grime encrustation; and coatings for ceramic insulators for use in transit and underground subways systems to prevent caking of metal dust and greases on surfaces.

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