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In a recent transaction, Vern D. Kornelsen, the Chief Financial Officer of Lifeloc Technologies, Inc. (OTC:LCTC), acquired 12,250 shares of the company’s common stock. The shares were purchased at $3.80 each, totaling $46,550 - notably above the current trading price of $3.10. The transaction comes as the stock has declined nearly 29% over the past six months, according to InvestingPro data. Following this acquisition, Kornelsen’s indirect ownership, through EDCO Partners LLLP, stands at 2,100,119 shares. Additionally, Kornelsen holds 34,126 shares directly. This transaction highlights Kornelsen’s continued investment in Lifeloc Technologies, a company currently valued at $8.26 million. While the company maintains strong liquidity with a current ratio of 6.85, InvestingPro analysis suggests the stock is trading above its Fair Value. Get access to 7 additional ProTips and comprehensive insider trading analysis with InvestingPro.
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