COO Morin Sebastien bought 7,430 shares of GTE at $4.67; holdings now 16,357 shares (+83.2%). Stock down 58.9% from 52-week high.
Morin Sebastien, Chief Operating Officer, purchased 7,430 shares for $34,698.10, increasing his holdings by 83.2% to 16,357 shares. The purchase occurred at $4.67 per share while the stock is currently trading at $4.25, representing a -25.6% decline over the prior 30 days and -37.1% over 90 days. The company trades at a P/E of 2.80 with market cap of $152,527,285.25 and recent quarterly revenue of $151,373,000.00, though annual revenue growth was -2.4%. The significant expansion of the COO's personal stake during a period of pronounced price weakness warrants examination of whether this reflects an opportunistic entry or signals management's view of current valuations relative to business fundamentals.