Insider Selling: Timothy James Lorello Unloads 10,000 Shares of TeleCommunication Systems Stock (TSYS)
TeleCommunication Systems (NASDAQ:TSYS) CMO Timothy James Lorello sold 10,000 shares of TeleCommunication Systems stock on the open market in a transaction dated Thursday, May 29th. The stock was sold at an average price of $3.33, for a total value of $33,300.00. Following the sale, the chief marketing officer now directly owns 166,333 shares of the company’s stock, valued at approximately $553,889. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
TeleCommunication Systems (NASDAQ:TSYS) opened at 3.17 on Friday. TeleCommunication Systems has a 52-week low of $2.08 and a 52-week high of $3.47. The stock has a 50-day moving average of $2.87 and a 200-day moving average of $2.4. The company’s market cap is $188.1 million.
TeleCommunication Systems (NASDAQ:TSYS) last posted its quarterly earnings results 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. Analysts expect that TeleCommunication Systems will post $0.19 EPS 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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