Separately, BidaskClub lowered shares of Pareteum from a hold rating to a sell rating in a research note on Saturday, August 31st. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Pareteum presently has a consensus rating of Hold and a consensus target price of $7.00.
TEUM opened at $0.83 on Thursday. The firm has a market cap of $94.49 million, a price-to-earnings ratio of 9.22 and a beta of 0.98. Pareteum has a fifty-two week low of $0.79 and a fifty-two week high of $5.93. The company’s 50-day moving average price is $1.59 and its 200 day moving average price is $3.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.14.
Pareteum (NASDAQ:TEUM) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $34.15 million for the quarter, compared to analyst estimates of $27.31 million. Pareteum had a negative net margin of 23.68% and a negative return on equity of 1.66%. Research analysts anticipate that Pareteum will post -0.02 earnings per share for the current year.
Pareteum Company Profile
Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a Software as a Service (Saas), PaaS, or IaaS basis.
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