Shenandoah Telecommunications (NASDAQ:SHEN) Reaches New 12-Month Low – Time to Sell?

Shenandoah Telecommunications (NASDAQ:SHEN) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $11.02 and last traded at $11.09, with a volume of 173 shares. The stock had previously closed at $11.11.

Analyst Upgrades and Downgrades

Separately, BWS Financial reaffirmed a “buy” rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Wednesday, November 13th.

Shenandoah Telecommunications Stock Performance

The firm has a market capitalization of $593.01 million, a PE ratio of 2.80 and a beta of 0.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.79 and a quick ratio of 0.79. The company’s fifty day simple moving average is $12.64 and its 200 day simple moving average is $14.39.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The business had revenue of $87.60 million for the quarter, compared to analysts’ expectations of $88.80 million. Shenandoah Telecommunications had a net margin of 62.67% and a negative return on equity of 1.45%. During the same period last year, the company earned $0.03 earnings per share. As a group, equities research analysts expect that Shenandoah Telecommunications will post -0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its position in Shenandoah Telecommunications by 10,890.9% during the fourth quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 2,396 shares during the last quarter. nVerses Capital LLC bought a new position in Shenandoah Telecommunications during the third quarter valued at approximately $37,000. Quantbot Technologies LP grew its position in Shenandoah Telecommunications by 570.2% during the third quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 6,244 shares during the last quarter. Quest Partners LLC boosted its stake in shares of Shenandoah Telecommunications by 741.0% during the third quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider’s stock valued at $108,000 after purchasing an additional 6,728 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Shenandoah Telecommunications by 135.2% during the fourth quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 5,013 shares during the period. 61.96% of the stock is currently owned by institutional investors.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.