John A. Forbes, a Director at Patrick Industries (NASDAQ: PATK), executed an insider sale of 2,704 shares on February 10, totaling $380,589. Despite the sale, Patrick Industries shares saw a slight increase of 0.06% on Tuesday morning. The company faces challenges in debt management and revenue growth, but boasts a strong gross margin, though its P/E ratio suggests it may be overvalued.
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Director Of Patrick Industries Makes $380K Sale
John A. Forbes, a Director at Patrick Industries (NASDAQ: PATK), executed an insider sale of 2,704 shares on February 10, totaling $380,589. Despite the sale, Patrick Industries shares saw a slight increase of 0.06% on Tuesday morning. The company faces challenges in debt management and revenue growth, but boasts a strong gross margin, though its P/E ratio suggests it may be overvalued.