Shenandoah Telecommunications (NASDAQ:SHEN – Get Free Report) VP Derek Rieger bought 685 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of $14.64 per share, for a total transaction of $10,028.40. Following the transaction, the vice president now directly owns 4,321 shares of the company’s stock, valued at $63,259.44. The purchase was disclosed in a filing with the SEC, which is available through this link.
Shenandoah Telecommunications Trading Up 5.2 %
SHEN traded up $0.74 during mid-day trading on Tuesday, hitting $14.90. 404,056 shares of the stock were exchanged, compared to its average volume of 155,854. The company has a market cap of $751.71 million, a PE ratio of 3.48 and a beta of 0.61. The company has a current ratio of 4.68, a quick ratio of 1.79 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $16.23 and its two-hundred day moving average is $19.65. Shenandoah Telecommunications has a 1-year low of $11.87 and a 1-year high of $25.51.
Shenandoah Telecommunications (NASDAQ:SHEN – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $72.51 million for the quarter, compared to analyst estimates of $71.85 million. Shenandoah Telecommunications had a return on equity of 0.27% and a net margin of 77.44%. During the same quarter in the prior year, the company earned ($0.04) earnings per share. Equities analysts forecast that Shenandoah Telecommunications will post -0.05 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Separately, BWS Financial reaffirmed a “buy” rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research report on Monday.
Check Out Our Latest Stock Analysis on Shenandoah Telecommunications
About Shenandoah Telecommunications
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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