Shenandoah Telecommunications (NASDAQ:SHEN) Reaches New 12-Month Low – Time to Sell?

Shenandoah Telecommunications (NASDAQ:SHEN) 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 restated a “buy” rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Wednesday, November 13th.

Shenandoah Telecommunications Stock Down 2.2 %

The firm’s 50 day moving average price is $12.64 and its two-hundred day moving average price is $14.39. The company has a market cap of $593.01 million, a P/E ratio of 2.80 and a beta of 0.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.79 and a current ratio of 0.79.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $87.60 million during the quarter, compared to the consensus estimate of $88.80 million. Shenandoah Telecommunications had a net margin of 62.67% and a negative return on equity of 1.45%. During the same quarter in the prior year, the firm earned $0.03 EPS. Equities research analysts anticipate that Shenandoah Telecommunications will post -0.41 EPS for the current fiscal year.

Institutional Trading of Shenandoah Telecommunications

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc increased its stake in Shenandoah Telecommunications by 10,890.9% during the 4th quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 2,396 shares in the last quarter. nVerses Capital LLC bought a new stake in Shenandoah Telecommunications during the 3rd quarter valued at $37,000. Quantbot Technologies LP increased its stake in Shenandoah Telecommunications by 570.2% during the 3rd quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 6,244 shares in the last quarter. Quest Partners LLC increased its stake in Shenandoah Telecommunications by 741.0% during the 3rd quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider’s stock valued at $108,000 after purchasing an additional 6,728 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Shenandoah Telecommunications by 135.2% during the 4th quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 5,013 shares in the last quarter. Institutional investors own 61.96% of the company’s stock.

Shenandoah Telecommunications Company Profile

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.