Technical Communications Co. (NASDAQ:TCCO)’s stock price dropped 26.9% during trading on Wednesday . The company traded as low as $5.30 and last traded at $5.85, approximately 2,816,767 shares were traded during mid-day trading. An increase of 1,747% from the average daily volume of 152,482 shares. The stock had previously closed at $8.00.
Separately, ValuEngine lowered shares of Technical Communications from a “hold” rating to a “sell” rating in a research note on Wednesday.
The stock has a 50 day moving average price of $2.41 and a 200-day moving average price of $2.84.
Technical Communications Corporation designs, develops, manufactures, distributes, markets, and sells communications security devices, systems, and services worldwide. The company primarily provides voice, data, and fax, and voice networks. Its products include government systems, such as DSD 72A-SP military bulk encryptor, CSD 3324 SE telephone/fax encryptor, and the DSP 9000 radio encryption system, as well as the HSE 6000 squad radio headset and telephone encryptor for public safety special operations land mobile radio applications and for military applications.
See Also: Liquidity
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