Telit Communications Plc (LON:TCM) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as low as $161.20. Telit Communications shares last traded at $164.00, with a volume of 79,258 shares traded.
Separately, FinnCap reissued a “corporate” rating on shares of Telit Communications in a research note on Wednesday, July 17th.
The business has a 50 day simple moving average of GBX 165.57. The company has a market capitalization of $215.97 million and a P/E ratio of -5.88. The company has a debt-to-equity ratio of 80.16, a quick ratio of 0.69 and a current ratio of 0.88.
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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