AltiGen Communications (OTCMKTS:ATGN) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

AltiGen Communications Inc. (OTCMKTS:ATGNGet Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.60 and traded as low as $0.4260. AltiGen Communications shares last traded at $0.4260, with a volume of 122,250 shares trading hands.

AltiGen Communications Stock Down 5.3%

The firm’s fifty day moving average is $0.56 and its two-hundred day moving average is $0.60. The firm has a market cap of $11.01 million, a P/E ratio of 21.31 and a beta of 1.06.

AltiGen Communications (OTCMKTS:ATGNGet Free Report) last released its earnings results on Thursday, December 18th. The technology company reported $0.01 earnings per share for the quarter. AltiGen Communications had a return on equity of 7.07% and a net margin of 5.33%.The firm had revenue of $3.47 million for the quarter.

About AltiGen Communications

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AltiGen Communications, Inc is a provider of voice-over-IP (VoIP) telephony and unified communications solutions designed primarily for small and medium-sized businesses. The company offers a range of IP-based PBX systems, contact center applications and unified messaging products that enable organizations to streamline inbound and outbound voice traffic, automate call routing and integrate voice mail, e-mail and conferencing functions into a single platform.

Founded in the mid-1990s and headquartered in California, AltiGen develops both hardware appliances and software modules that support analog, digital and SIP-based telephony endpoints.

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