International Baler Corp. (IBAL) insider have most recently took part in a trading activity. On Nov 24, 2017 Avis Industrial Corp, Director, 10% Owner bought 3,000 shares having total worth of $6,000 at the price of $2 per share, following the transaction a total of 4,046,834 shares owned by Avis Industrial Corp. Before this latest buy, Avis Industrial Corp purchased IBAL at 22 other times during the past twelve months, for a total investment of $157,784 at an average of $2.01 per share.
The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 buy trades. Furthermore, over the past 12 months , the stock was traded 22 times by insiders. an employee of the company was the buyer in 22 instances.
|Time Frame||Number of Insider Buy||Number of Insider Sell||Stock Price Change(%)|
International Baler Corporation was incorporated on September 10, 1975, in the State of Delaware under the name B.W. Energy Systems, Inc. Its name was changed to Waste Technology Corp. in August 1983. In March 2009, Waste Technology Corporation’s wholly-owned subsidiary, International Baler Corporation (IBC), was merged into Waste Technology Corporation and the Company changed its name to International Baler Corporation. The Company is a manufacturer of baling equipment which is fabricated from steel and utilizes hydraulic and electrical components to compress a variety of materials into bales for easier handling, shipping, disposal, storage, and for recycling. Materials commonly baled include scrap metal, corrugated boxes, newsprint, aluminum cans, plastic bottles, and other solid waste. More sophisticated applications include baling of textile materials, fibers and synthetic rubber. The Company offers a wide variety of balers, standard models, as well as custom models to meet specific customer requirements. The Company’s products include general purpose horizontal and vertical balers, specialty balers, such as those used for textile materials, used clothing, aluminum cans, 55-gallon drums and synthetic rubber; and accessory equipment such as conveyors, fluffers, bale tying machines, and plastic bottle piercers (machines which puncture plastic bottles before compaction for greater density). The Company’s General Purpose Balers are designed for general purpose compaction of waste materials. They are manufactured in either vertical or horizontal loading models, depending on available floor space and desired capacity. Typical materials that are handled by this equipment include paper, corrugated boxes, and miscellaneous solid waste materials. Specialty balers are designed for specific applications which require modifications of the general baler configuration. The Company is subject to both federal and state regulation relating to safe design and operation.
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