Separately, BidaskClub downgraded shares of Pareteum from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Pareteum has an average rating of “Hold” and an average price target of $7.00.
Shares of NASDAQ TEUM opened at $0.43 on Tuesday. Pareteum has a 1-year low of $0.29 and a 1-year high of $5.93. The company has a market cap of $49.75 million, a PE ratio of 4.76 and a beta of 0.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $0.50 and a two-hundred day moving average of $2.22.
Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a Software as a Service (Saas), PaaS, or IaaS basis.
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