Shenandoah Telecommunications (NASDAQ:SHEN) Reaches New 52-Week Low – Should You Sell?

Shenandoah Telecommunications (NASDAQ:SHENGet Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $11.02 and last traded at $11.09, with a volume of 173 shares traded. The stock had previously closed at $11.11.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a research note on Wednesday, November 13th.

View Our Latest Stock Report on Shenandoah Telecommunications

Shenandoah Telecommunications Stock Down 1.2 %

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.79 and a current ratio of 0.79. The stock’s fifty day simple moving average is $12.61 and its two-hundred day simple moving average is $14.37. The stock has a market capitalization of $583.67 million, a P/E ratio of 2.75 and a beta of 0.63.

Shenandoah Telecommunications (NASDAQ:SHENGet Free Report) last announced its earnings results on Thursday, November 7th. The utilities provider reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $87.60 million for the quarter, compared to the consensus estimate of $88.80 million. Shenandoah Telecommunications had a negative return on equity of 1.45% and a net margin of 62.67%. During the same period in the prior year, the business earned $0.03 earnings per share. As a group, research analysts expect that Shenandoah Telecommunications will post -0.41 EPS for the current fiscal year.

Institutional Trading of Shenandoah Telecommunications

A number of large investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its position in shares of Shenandoah Telecommunications by 4.1% during the fourth quarter. Rhumbline Advisers now owns 150,079 shares of the utilities provider’s stock valued at $1,892,000 after buying an additional 5,862 shares during the last quarter. DAVENPORT & Co LLC raised its position in shares of Shenandoah Telecommunications by 16.1% in the fourth quarter. DAVENPORT & Co LLC now owns 1,012,685 shares of the utilities provider’s stock worth $12,770,000 after buying an additional 140,314 shares in the last quarter. Capital Investment Advisory Services LLC bought a new stake in shares of Shenandoah Telecommunications during the 4th quarter valued at about $252,000. Inspire Investing LLC lifted its holdings in shares of Shenandoah Telecommunications by 9.7% during the 4th quarter. Inspire Investing LLC now owns 31,807 shares of the utilities provider’s stock worth $401,000 after acquiring an additional 2,819 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Shenandoah Telecommunications by 135.2% during the fourth quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 5,013 shares during the last quarter. 61.96% of the stock is currently owned by institutional investors and hedge funds.

Shenandoah Telecommunications Company Profile

(Get Free Report)

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.

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