Insider Buying: Telit Communications Plc (TCM) Insider Purchases £330,000 in Stock

Telit Communications Plc (LON:TCM) insider Paolo Dal Pino bought 200,000 shares of the company’s stock in a transaction on Tuesday, October 23rd. The shares were acquired at an average price of GBX 165 ($2.16) per share, with a total value of £330,000 ($431,203.45).

Paolo Dal Pino also recently made the following trade(s):

  • On Wednesday, October 17th, Paolo Dal Pino bought 150,000 shares of Telit Communications stock. The shares were acquired at an average price of GBX 162 ($2.12) per share, with a total value of £243,000 ($317,522.54).

Shares of LON:TCM opened at GBX 155.50 ($2.03) on Friday. Telit Communications Plc has a 1 year low of GBX 100.25 ($1.31) and a 1 year high of GBX 379 ($4.95).



Several brokerages have issued reports on TCM. FinnCap restated an “under review” rating on shares of Telit Communications in a research report on Wednesday, July 11th. Berenberg Bank restated a “hold” rating and set a GBX 165 ($2.16) target price on shares of Telit Communications in a research report on Tuesday, September 4th.

Telit Communications Company Profile

Telit Communications PLC, together with its subsidiaries, provides a portfolio of integrated products and services to support and enable Internet of Things (IoT) deployments in the EMEA, the APAC, and the Americas. It operates in two segments, IoT Services and IoT Products. The company develops, markets, and sells cellular, global navigation satellite systems, short range wireless modules, mobile connectivity services, and application enablement platforms to onboard edge devices to the IoT.

Further Reading: Retained Earnings

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