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Espey director sells shares amid stock valued 112% above fair value despite strong earnings.

Market News
29 Sep 2026, 03:12 WIB
Stuart Mooney
View Source
Neutral
Espey director sells shares amid stock valued 112% above fair value despite strong earnings.

A director of Espey Manufacturing and Electronics Corp sold 100 shares at $64.49 each, reducing his holdings to 20,550 shares. This insider sale happened after the company reported strong 2026 financial results, including net sales growth to $46.1 million and net income of $11.2 million. However, the stock is considered significantly overvalued, trading 111.9% above its estimated fair value of $30.97. The sale may reflect concerns about the high valuation despite the company's solid financial health and a perfect financial strength rating.

Espey Manufacturing and Electronics Corp insider share sale provides context for the Technology sector's performance on Pluang. For readers following Technology stocks, here is Pluang's market snapshot as of Sep 29, 2026 03:03 WIB: Of 150 priced Technology-sector US stocks tradable on Pluang, 36 rose and 113 fell today. Notable movers include AXTI at USD 73.11 with a 1-day change of -7.39% and Pluang order activity showing 12% Sell / 88% Buy, QCOM at USD 187.20 down 7.27% with 23% Sell / 77% Buy, and BB at USD 8.78 up 6.94% with 17% Sell / 83% Buy.

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