Telit Communications (LON:TCM)‘s stock had its “corporate” rating reissued by stock analysts at FinnCap in a report issued on Tuesday, Stock Target Advisor reports.

Shares of LON TCM traded up GBX 1.20 ($0.02) during midday trading on Tuesday, hitting GBX 157.60 ($2.06). The stock had a trading volume of 33,329 shares, compared to its average volume of 443,879. The company’s 50-day simple moving average is GBX 164.42 and its 200 day simple moving average is GBX 165.94. The firm has a market cap of $208.59 million and a P/E ratio of 9.79. Telit Communications has a fifty-two week low of GBX 112 ($1.46) and a fifty-two week high of GBX 192 ($2.51). The company has a debt-to-equity ratio of 32.60, a current ratio of 1.46 and a quick ratio of 1.22.

Telit Communications Company Profile

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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