Telecom Italia (OTCMKTS:TIAIY) Stock Price Down 4.7% - Here's Why

Telecom Italia S.p.A. (OTCMKTS:TIAIY - Get Free Report)'s share price dropped 4.7% on Friday . The stock traded as low as $3.07 and last traded at $3.07. Approximately 1,500 shares were traded during trading, an increase of 5% from the average daily volume of 1,424 shares. The stock had previously closed at $3.22.

Telecom Italia Stock Performance

The firm has a 50 day simple moving average of $3.11 and a two-hundred day simple moving average of $2.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 0.85.

About Telecom Italia

Telecom Italia S.p.A., together with its subsidiaries, engages in the provision of fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for top, public sector and large account customers.