Do GTT Communications Inc. (GTT) beta value of 1.52 signposts another twist?

GTT Communications Inc. (GTT) is priced at $2.79 after the most recent trading session. At the very opening of the session, the stock price was $3.88 and reached a high price of $3.90, prior to closing the session it reached the value of $3.93. The stock touched a low price of $2.41.

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Recently in News on February 19, 2021, SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in GTT Communications, Inc. of Class Action Lawsuit and Upcoming Deadline – GTT. Pomerantz LLP announces that a class action lawsuit has been filed against GTT Communications, Inc. (“GTT” or the “Company”) (NYSE: GTT) and certain of its officers. The class action, filed in United States District Court for the Central District of California, and docketed under 21-cv-00839, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired GTT publicly traded securities from May 5, 2016 through November 9, 2020, inclusive (the “Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934 (the “Exchange Act”). Plaintiff alleges that Defendants violated the Exchange Act by publishing false and misleading statements to artificially inflate the Company’s stock price. You can read further details here


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GTT Communications Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $6.00 on 01/27/21, with the lowest value was $2.41 for the same time period, recorded on 02/18/21.

GTT Communications Inc. (GTT) full year performance was -79.64%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, GTT Communications Inc. shares are logging -82.31% during the 52-week period from high price, and -8.52% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.05 and $15.77.

The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 8424107 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the GTT Communications Inc. (GTT) recorded performance in the market was -21.85%, having the revenues showcasing -31.62% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 177.81M, as it employees total of 3100 workers.

Specialists analysis on GTT Communications Inc. (GTT)

During the last month, 0 analysts gave the GTT Communications Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 4.25, with a change in the price was noted -2.09. In a similar fashion, GTT Communications Inc. posted a movement of -42.83% for the period of last 100 days, recording 769,829 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for GTT is recording 16.77 at the time of this writing. In addition, long term Debt to Equity ratio is set at 16.59.

Trends and Technical analysis: GTT Communications Inc. (GTT)

Raw Stochastic average of GTT Communications Inc. in the period of last 50 days is set at 10.58%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 10.58%. In the last 20 days, the company’s Stochastic %K was 16.22% and its Stochastic %D was recorded 20.66%.

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Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -21.85%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -40.13%, alongside a downfall of -79.64% for the period of the last 12 months. The shares increased approximately by -38.41% in the 7-day charts and went down by -19.60% in the period of the last 30 days. Common stock shares were lifted by -31.62% during last recorded quarter.

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