iQSTEL (NASDAQ:IQST) Shares Down 1.5% – Should You Sell?

iQSTEL Inc. (NASDAQ:IQST) shares fell 1.5% during mid-day trading on Monday. The company traded as low as $0.8619 and last traded at $0.89. 155,491 shares were traded during trading, a decline of 32% from the average session volume of 227,504 shares. The stock had previously closed at $0.9031.

Analyst Ratings Changes

IQST has been the topic of several recent research reports. Zacks Research raised shares of iQSTEL from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 13th. Wall Street Zen cut shares of iQSTEL from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of iQSTEL in a research report on Monday, September 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, iQSTEL has a consensus rating of “Reduce”.

iQSTEL Trading Down 0.1%

The firm’s fifty day moving average price is $0.99 and its 200-day moving average price is $1.18. The company has a market cap of $9.84 million, a P/E ratio of -0.40 and a beta of 0.87.

iQSTEL (NASDAQ:IQST) last announced its quarterly earnings data on Tuesday, August 18th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.15). iQSTEL had a negative return on equity of 45.19% and a negative net margin of 2.43%. The firm had revenue of $109.07 million for the quarter. As a group, research analysts forecast that iQSTEL Inc. will post -0.80 earnings per share for the current fiscal year.

iQSTEL Company Profile

iQSTEL Inc (NASDAQ: IQST) is a technology company that provides telecommunications, fintech, and related digital services. Through its operating subsidiaries, the company offers international voice and data connectivity, mobile and broadband services, messaging, Internet of Things connectivity, and other communications solutions for businesses and consumers.

In addition to its telecommunications operations, iQSTEL develops financial technology products designed to support digital payments, money transfers, and related financial services.