Shenandoah Telecommunications (NASDAQ:SHEN) Trading Up 6.5%

Shenandoah Telecommunications (NASDAQ:SHEN) shot up 6.5% during mid-day trading on Tuesday . The company traded as high as $15.17 and last traded at $15.08. 83,500 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 152,060 shares. The stock had previously closed at $14.16.

Analyst Ratings Changes

Separately, BWS Financial restated a “buy” rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a report on Monday.

Shenandoah Telecommunications Stock Performance

The business’s fifty day moving average price is $16.23 and its two-hundred day moving average price is $19.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.79 and a current ratio of 4.68. The stock has a market capitalization of $751.71 million, a P/E ratio of 3.48 and a beta of 0.61.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its earnings results 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 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 period in the previous year, the firm posted ($0.04) EPS. As a group, sell-side analysts forecast that Shenandoah Telecommunications will post -0.05 earnings per share for the current year.

Institutional Trading of Shenandoah Telecommunications

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Shenandoah Telecommunications during the fourth quarter worth approximately $27,000. Quest Partners LLC purchased a new position in shares of Shenandoah Telecommunications during the fourth quarter worth approximately $41,000. SG Americas Securities LLC purchased a new position in shares of Shenandoah Telecommunications during the first quarter worth approximately $109,000. HTLF Bank purchased a new position in shares of Shenandoah Telecommunications during the fourth quarter worth approximately $203,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Shenandoah Telecommunications during the first quarter worth approximately $211,000. Institutional investors own 61.96% of the company’s stock.

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.