Telit Communications Plc (LON:TCM)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $162.93 and traded as low as $156.20. Telit Communications shares last traded at $158.40, with a volume of 42,724 shares.
Separately, FinnCap reissued a “corporate” rating on shares of Telit Communications in a research note on Monday, September 9th.
The firm has a 50 day moving average of GBX 163.58 and a 200-day moving average of GBX 163.04. The stock has a market capitalization of $210.44 million and a PE ratio of 9.93. The company has a debt-to-equity ratio of 32.60, a quick ratio of 1.22 and a current ratio of 1.46.
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.
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