Insider Action: Is Empire Resources Inc (NASDAQ:ERS) Stock a Sell after Harvey Wrubel’s Insider Trade?

November 28, 2016 - By Richard Conner

Insider Action: Is Empire Resources Inc (NASDAQ:ERS) Stock a Sell after Harvey Wrubel's Insider Trade?

Harvey Wrubel Insider Sell

The director of Empire Resources Inc, Harvey Wrubel has made an unexpected transaction in the firm that is amounting to $71,412 U.S Dollars. As stated in the U.S. Security & Exchange Commission form filed on November 28, 2016, Harvey unloaded 14,140 shares at an average price-per-share of $5.1. In the last month, he also sold 13,020 shares worth about $66,577 USD. Currently, Harvey Wrubel owns 22,943 shares or about 0.28% of Empire Resources Inc’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding).

About 3,020 shares traded hands. Empire Resources Inc (NASDAQ:ERS) has risen 47.06% since April 25, 2016 and is uptrending. It has outperformed by 41.04% the S&P500.

Empire Resources, Inc. is engaged in the purchase, sale and distribution of semi-finished aluminum and steel products to a range of customer base located in the Americas, Europe, Australia and New Zealand. The company has a market cap of $40.62 million. The Firm operates through the sale and distribution of non-ferrous and ferrous metals segment. It has a 16.56 P/E ratio. It sells semi-finished aluminum and steel products, which are produced by processing aluminum or steel and/or aluminum or steel scrap.

According to Zacks Investment Research, “Empire Resources, Inc. is a distributor of a wide range of semi-finished aluminum products to customers in the transportation, automotive, housing, appliance and packaging industries in the United States, Canada, Australia, New Zealand and Europe. Aluminum products are produced by processing primary and/or recycled aluminum into semi-finished form in which it is not yet a product usable by a consumer, but is capable of being manufactured into a final end product. Processes utilized in manufacturing semi-finished aluminum products are rolling, which typically produces products such as coil, sheet, plate, and foil and extruding which yields rod, bar and a myriad of extruded shapes. Empire Resources sells its products through its own marketing and sales personnel, as well as through independent sales agents. The company is headquartered in Fort Lee, New Jersey.”

Analysts await Empire Resources Inc (NASDAQ:ERS) to report earnings on March, 29.

More important recent Empire Resources Inc (NASDAQ:ERS) news were published by: Prnewswire.com which released: “Empire Resources Reports Results for Second Quarter of 2016” on August 15, 2016, also Prnewswire.com published article titled: “Nathan And Sandra Kahn Are No Longer Exploring Possible Acquisition Of Empire ..”, Prnewswire.com published: “Nathan and Sandra Kahn to Explore Possible Acquisition of Empire Resources, Inc.” on September 17, 2015. More interesting news about Empire Resources Inc (NASDAQ:ERS) was released by: Streetinsider.com and their article: “Form 4 EMPIRE RESOURCES INC For: Nov 18 Filed by: WRUBEL HARVEY” with publication date: November 22, 2016.

ERS Company Profile

Empire Resources, Inc., incorporated on August 30, 1990, is engaged in the purchase, sale and distribution of semi-finished aluminum and steel products to a range of customer base located in the Americas, Europe, Australia and New Zealand. The Firm operates through the sale and distribution of non-ferrous and ferrous metals segment. The Firm sells semi-finished aluminum and steel products, which are produced by processing aluminum or steel and/or aluminum or steel scrap. The Firm serves clients in a range of industries, such as distribution, transportation, automobile, housing, appliances and packaging. The Firm sells its products through its own marketing and sales personnel, as well as through commission independent sales agents located in North America and Europe. The Company’s subsidiary, Empire Resources Pacific Ltd., acts as a sales agent in Australia and New Zealand. The Firm also has foreign subsidiaries in Belgium and England, which sell semi-finished metal products in Europe.

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