TeleCommunication Systems (NASDAQ:TSYS) announced its earnings results on Wednesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.02, Stock Ratings Network reports. The company had revenue of $96.00 million for the quarter, compared to the consensus estimate of $109.20 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was down 31.5% on a year-over-year basis.
On the ratings front, analysts at Zacks downgraded shares of TeleCommunication Systems from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $3.00 price target on the stock.
TeleCommunication Systems (NASDAQ:TSYS) traded down 1.18% during mid-day trading on Wednesday, hitting $2.51. The stock had a trading volume of 235,574 shares. TeleCommunication Systems has a 52-week low of $1.54 and a 52-week high of $3.21. The stock’s 50-day moving average is $2.63 and its 200-day moving average is $2.38. The company has a market cap of $147.3 million and a P/E ratio of 13.73.
TeleCommunication Systems, Inc (NASDAQ:TSYS) develops and applies secure mobile communication technology.
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