Pareteum Corp (NYSEAMERICAN:TEUM) shares traded down 7.4% on Monday . The stock traded as low as $1.86 and last traded at $1.88. 1,273,324 shares changed hands during trading, a decline of 38% from the average session volume of 2,049,809 shares. The stock had previously closed at $2.03.

Separately, Lake Street Capital reaffirmed a “buy” rating on shares of Pareteum in a research note on Tuesday, November 13th.

Pareteum (NYSEAMERICAN:TEUM) last released its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). The firm had revenue of $8.01 million during the quarter, compared to analyst estimates of $8.00 million.

Hedge funds have recently bought and sold shares of the business. Ahrens Investment Partners LLC acquired a new stake in Pareteum in the 3rd quarter valued at about $107,000. Bank of New York Mellon Corp raised its position in Pareteum by 142.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 48,705 shares of the technology company’s stock valued at $146,000 after purchasing an additional 28,584 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Pareteum by 157.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 49,090 shares of the technology company’s stock valued at $123,000 after purchasing an additional 30,000 shares in the last quarter. Northern Trust Corp raised its position in Pareteum by 399.7% in the 1st quarter. Northern Trust Corp now owns 73,944 shares of the technology company’s stock valued at $180,000 after purchasing an additional 59,146 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Pareteum by 50,516.7% during the 2nd quarter. BlackRock Inc. now owns 791,139 shares of the technology company’s stock worth $1,978,000 after acquiring an additional 789,576 shares in the last quarter.

ILLEGAL ACTIVITY NOTICE: “Pareteum (TEUM) Stock Price Down 7.4%” was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.dailypolitical.com/2018/11/20/pareteum-teum-stock-price-down-7-4.html.

Pareteum Company Profile (NYSEAMERICAN:TEUM)

Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a SaaS, PaaS, or IaaS basis.

Featured Story: How Short Selling Works

Receive News & Ratings for Pareteum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pareteum and related companies with MarketBeat.com's FREE daily email newsletter.