Shenandoah Telecommunications (NASDAQ:SHEN) Sets New 52-Week Low - Time to Sell?

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $11.57 and last traded at $11.85, with a volume of 12417 shares changing hands. The stock had previously closed at $11.98.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a "buy" rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Wednesday, November 13th.

Shenandoah Telecommunications Stock Down 2.0 %

The stock's fifty day simple moving average is $13.03 and its two-hundred day simple moving average is $14.81. The company has a market capitalization of $641.03 million, a price-to-earnings ratio of 3.02 and a beta of 0.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.79 and a current ratio of 0.79.

Shenandoah Telecommunications Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 5th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 5th. This is a positive change from Shenandoah Telecommunications's previous annual dividend of $0.09. This represents a yield of 0.66%. Shenandoah Telecommunications's dividend payout ratio is currently 2.57%.

Hedge Funds Weigh In On Shenandoah Telecommunications

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc lifted its stake 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 buying an additional 2,396 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Shenandoah Telecommunications in the 3rd quarter valued at approximately $37,000. Quantbot Technologies LP boosted its stake in Shenandoah Telecommunications by 570.2% in the 3rd quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider's stock worth $104,000 after purchasing an additional 6,244 shares during the period. Quest Partners LLC boosted its stake in Shenandoah Telecommunications by 741.0% in the 3rd quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider's stock worth $108,000 after purchasing an additional 6,728 shares during the period. Finally, GAMMA Investing LLC grew its position in Shenandoah Telecommunications by 135.2% during the 4th quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider's stock worth $110,000 after purchasing an additional 5,013 shares in the last quarter. Institutional investors and hedge funds own 61.96% of the company's stock.

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.