FinnCap restated their corporate rating on shares of Telit Communications (LON:TCM) in a report published on Monday morning, ThisIsMoney.Co.Uk reports.

Shares of LON:TCM opened at GBX 160 ($2.09) on Monday. The company has a market cap of $210.71 million and a P/E ratio of -5.73. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 80.16. Telit Communications has a 52 week low of GBX 112 ($1.46) and a 52 week high of GBX 192 ($2.51). The business has a fifty day simple moving average of GBX 164.75 and a 200-day simple moving average of GBX 160.88.

About Telit Communications

Telit Communications PLC, together with its subsidiaries, provides a portfolio of integrated products and services to support and enable Internet of Things (IoT) deployments in the EMEA, the APAC, and the Americas. It operates in two segments, IoT Services and IoT Products. The company develops, markets, and sells cellular, global navigation satellite systems, short range wireless modules, mobile connectivity services, and application enablement platforms to onboard edge devices to the IoT.

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