TeleCommunication Systems VP Sells $95,170 in Stock (TSYS)
TeleCommunication Systems (NASDAQ:TSYS) VP Drew A. Morin sold 31,000 shares of the stock on the open market in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $3.07, for a total transaction of $95,170.00. Following the transaction, the vice president now directly owns 462,703 shares in the company, valued at approximately $1,420,498. The transaction was disclosed in a filing with the SEC, which is available at this link.
TeleCommunication Systems (NASDAQ:TSYS) traded down 1.56% on Tuesday, hitting $3.16. The stock had a trading volume of 388,624 shares. TeleCommunication Systems has a 52 week low of $2.08 and a 52 week high of $3.39. The stock’s 50-day moving average is $2.65 and its 200-day moving average is $2.37. The company’s market cap is $187.5 million.
TeleCommunication Systems (NASDAQ:TSYS) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.02. The company had revenue of $85.09 million for the quarter, compared to the consensus estimate of $76.78 million. During the same quarter last year, the company posted $0.04 earnings per share. TeleCommunication Systems’s revenue was down 10.2% compared to the same quarter last year. On average, analysts predict that TeleCommunication Systems will post $0.19 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of TeleCommunication Systems from a “neutral” rating to an “outperform” rating in a research note on Monday, May 12th. They now have a $3.30 price target on the stock.
TeleCommunication Systems, Inc (NASDAQ:TSYS) develops and applies secure mobile communication technology.
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