Shenandoah Telecommunications (NASDAQ:SHEN – Get Free Report) VP Derek Rieger purchased 685 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $14.64 per share, for a total transaction of $10,028.40. Following the completion of the purchase, the vice president now owns 4,321 shares of the company’s stock, valued at approximately $63,259.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shenandoah Telecommunications Trading Up 5.2 %
Shares of Shenandoah Telecommunications stock opened at $14.90 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.79 and a current ratio of 4.68. Shenandoah Telecommunications has a 52 week low of $11.87 and a 52 week high of $25.51. The stock has a 50 day moving average price of $16.16 and a two-hundred day moving average price of $19.60. The stock has a market capitalization of $751.66 million, a PE ratio of 3.44 and a beta of 0.61.
Shenandoah Telecommunications (NASDAQ:SHEN – Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. The firm had revenue of $72.51 million for the quarter, compared to the consensus estimate of $71.85 million. Shenandoah Telecommunications had a net margin of 77.44% and a return on equity of 0.27%. During the same quarter in the prior year, the company posted ($0.04) earnings per share. As a group, equities analysts anticipate that Shenandoah Telecommunications will post -0.05 earnings per share for the current fiscal year.
Institutional Trading of Shenandoah Telecommunications
Wall Street Analysts Forecast Growth
Separately, BWS Financial reissued a “buy” rating and set a $26.00 target price on shares of Shenandoah Telecommunications in a research note on Monday.
View 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.
Featured Articles
- Five stocks we like better than Shenandoah Telecommunications
- Which Wall Street Analysts are the Most Accurate?
- Garmin Navigates to New Highs Driven By Wearables Trend
- Roth IRA Calculator: Calculate Your Potential Returns
- Pinterest Prospers From AI Boosting Shop-Ability and Relevance
- What is a Stock Market Index and How Do You Use Them?
- AbbVie Tracking for New Highs in 2024
Receive News & Ratings for Shenandoah Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shenandoah Telecommunications and related companies with MarketBeat.com's FREE daily email newsletter.