Shenandoah Telecommunications (NASDAQ:SHEN) Reaches New 1-Year Low - Should You Sell?

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $10.42 and last traded at $10.67, with a volume of 9887 shares. The stock had previously closed at $10.50.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a "buy" rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Wednesday, November 13th.

Shenandoah Telecommunications Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $623.53 million, a PE ratio of 2.94 and a beta of 0.61. The company's 50 day moving average price is $12.36 and its 200-day moving average price is $14.06.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last released its earnings results on Thursday, November 7th. The utilities provider reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). Shenandoah Telecommunications had a negative return on equity of 1.45% and a net margin of 62.67%. The firm had revenue of $87.60 million during the quarter, compared to analysts' expectations of $88.80 million. During the same period in the prior year, the business earned $0.03 earnings per share. Equities research analysts anticipate that Shenandoah Telecommunications will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shenandoah Telecommunications

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHEN. Amundi boosted its position in Shenandoah Telecommunications by 186.2% during the fourth quarter. Amundi now owns 23,706 shares of the utilities provider's stock worth $298,000 after purchasing an additional 15,423 shares during the period. Proficio Capital Partners LLC bought a new position in Shenandoah Telecommunications in the 4th quarter worth approximately $260,000. Cornerstone Investment Partners LLC purchased a new position in Shenandoah Telecommunications in the 4th quarter valued at approximately $201,000. Smartleaf Asset Management LLC raised its holdings in Shenandoah Telecommunications by 456.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider's stock valued at $53,000 after acquiring an additional 3,531 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Shenandoah Telecommunications by 8.3% during the fourth quarter. Bank of New York Mellon Corp now owns 454,540 shares of the utilities provider's stock worth $5,732,000 after acquiring an additional 34,740 shares in the last quarter. 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.