Telos (NASDAQ:TLS) Trading Down 0.3% - What's Next?

Telos Co. (NASDAQ:TLS - Get Free Report)'s share price traded down 0.3% during mid-day trading on Wednesday . The stock traded as low as $3.29 and last traded at $3.31. 223,444 shares traded hands during trading, a decline of 13% from the average session volume of 255,619 shares. The stock had previously closed at $3.32.

Analysts Set New Price Targets

Separately, BMO Capital Markets lifted their price objective on shares of Telos from $3.00 to $4.50 and gave the company a "market perform" rating in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $4.50.

Telos Trading Up 0.3 %

The company has a fifty day moving average of $3.37 and a two-hundred day moving average of $3.54. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $240.30 million, a price-to-earnings ratio of -4.74 and a beta of 0.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TLS. US Bancorp DE purchased a new stake in shares of Telos during the 3rd quarter worth $39,000. Intech Investment Management LLC purchased a new stake in Telos during the third quarter worth about $49,000. Public Employees Retirement System of Ohio acquired a new position in Telos during the third quarter worth about $64,000. The Manufacturers Life Insurance Company purchased a new position in Telos in the second quarter valued at about $92,000. Finally, SG Americas Securities LLC lifted its position in shares of Telos by 129.8% during the 3rd quarter. SG Americas Securities LLC now owns 23,478 shares of the company's stock valued at $84,000 after acquiring an additional 13,263 shares during the period. Institutional investors and hedge funds own 62.14% of the company's stock.

About Telos

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.