METRO ONE TELECOMM (NASDAQ:INFO).
Equity analyst Macquarie issued its first research report on the stock with a rating of “Neutral” and projecting a price target of $39.00. On August 17 the stock rating was upgraded from “” to “Overweight” in a report from PiperJaffray.
On July 21, 2016 the stock rating was set at “Outperform” according to a RBC Capital report which is up from the previous “” rating. On July 15 the company was upgraded to “Hold” from “” in a report issued by Deutsche Bank.
On July 14 the stock rating was downgraded to “Hold” from “” by analysts at Stifel Nicolaus.
The company is down by -1.66% since yesterday’s close of $36.25. The stock is trading at $35.65 a tad under the 50 day moving average of $36.52 and which is just over the 200 day moving average of $34.53. The 50 day moving average was down by -2.46% whereas the 200 day moving average was up $1.09 or +3.17%.
METRO ONE TELECOMM’s P/E ratio is 55.74 and the market value is 6.26B. Investors are feeling more bearish of late considering the change in short interest. The stock experienced a rise in short interest between August 31, 2016 and September 15, 2016 of 0.04%. Short interest grew from 4,936,431 to 5,128,535 over that timeframe. Days to cover decreased 0.0 to 0.0 and the percentage of shorted shares was 0.03% on September 15.