Telit Communications (LON:TCM) Shares Cross Below 200 Day Moving Average of $164.69

Telit Communications Plc (LON:TCM) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $164.69 and traded as low as $159.09. Telit Communications shares last traded at $165.00, with a volume of 517,349 shares changing hands.

Separately, FinnCap reiterated a “corporate” rating on shares of Telit Communications in a research report on Monday, September 9th.

The stock has a market cap of $217.29 million and a P/E ratio of 10.25. The company has a debt-to-equity ratio of 32.60, a quick ratio of 1.22 and a current ratio of 1.46. The stock has a 50-day moving average price of GBX 162.36 and a 200-day moving average price of GBX 164.69.

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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