Pareteum (TEUM) Stock Price Down 7.4%
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.
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.
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