EarthLink Inc. Hits New 52-Week Low at $4.85 (ELNK)
Shares of EarthLink (NASDAQ:ELNK) hit a new 52-week low during trading on Thursday, AR Network reports. The stock traded as low as $4.85 and last traded at $4.87, with a volume of 534,064 shares trading hands. The stock had previously closed at $4.93.
A number of research firms have recently commented on ELNK. Analysts at Zacks downgraded shares of EarthLink (NASDAQ:ELNK) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $7.20 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $6.60.
EarthLink has a 1-year low of $4.86 and a 1-year high of $7.26. The stock’s 50-day moving average is $5.04 and its 200-day moving average is $5.67. The company’s market cap is $501.6 million.
EarthLink (NASDAQ:ELNK) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.06) by $0.05. The company had revenue of $313.40 million for the quarter, compared to the consensus estimate of $314.76 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, analysts predict that EarthLink will post $-2.67 earnings per share for the current fiscal year.
EarthLink, Inc (NASDAQ:ELNK), is a network, communications and information technology (IT) services provider to business and residential customers in the United States.
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