Telit Communications (LON:TCM) Stock Crosses Below 200 Day Moving Average of $157.32

Telit Communications Plc (LON:TCM)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $157.32 and traded as low as $161.00. Telit Communications shares last traded at $164.00, with a volume of 8,932 shares traded.

Separately, FinnCap reiterated a “corporate” rating on shares of Telit Communications in a research report on Wednesday, July 17th.

The company has a debt-to-equity ratio of 80.16, a quick ratio of 0.69 and a current ratio of 0.88. The business has a 50-day simple moving average of GBX 165.59 and a two-hundred day simple moving average of GBX 157.39. The stock has a market cap of $215.97 million and a price-to-earnings ratio of -5.88.

About Telit Communications (LON:TCM)

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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