Who Has Been Buying Manufacturing Integration Technology Ltd (SGX:M11) Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So we'll take a look at whether insiders have been buying or selling shares in Manufacturing Integration Technology Ltd (SGX:M11).
What Is Insider Buying?
It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, most countries require that the company discloses such transactions to the market.
Insider transactions are not the most important thing when it comes to long-term investing. But it is perfectly logical to keep tabs on what insiders are doing. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise'.
View our latest analysis for Manufacturing Integration Technology
The Last 12 Months Of Insider Transactions At Manufacturing Integration Technology
In the last twelve months, the biggest single purchase by an insider was when insider Ee Nam Teo bought S$135k worth of shares at a price of S$0.21 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being S$0.091). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Ee Nam Teo was the only individual insider to buy shares in the last twelve months.
The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Manufacturing Integration Technology Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 18% of Manufacturing Integration Technology shares, worth about S$4.0m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Manufacturing Integration Technology Insiders?
It doesn't really mean much that no insider has traded Manufacturing Integration Technology shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders own shares in Manufacturing Integration Technology and we see no evidence to suggest they are worried about the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 2 warning signs for Manufacturing Integration Technology you should be aware of, and 1 of them doesn't sit too well with us.
But note: Manufacturing Integration Technology may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About SGX:M11
Manufacturing Integration Technology
An investment holding company, designs, develops, manufactures, and distributes automated equipment for semiconductor and other industries in China, Singapore, Europe, the United States, and Asia.
Slight with mediocre balance sheet.