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Neutral Tandem (NASDAQ:TNDM) shares hit a new 52-week low on Friday , American Banking & Market News reports. The company traded as low as $13.24 and last traded at $13.28, with a volume of 12,491 shares changing hands. The stock had previously closed at $13.39.

A number of analysts have recently weighed in on TNDM shares. Analysts at William Blair initiated coverage on shares of Neutral Tandem in a research note on Tuesday, July 15th. They set an “outperform” rating and a $2.00 price target on the stock. Analysts at Deutsche Bank upgraded shares of Neutral Tandem from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. They now have a $25.00 price target on the stock, down previously from $28.00. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $22.00.

The stock’s 50-day moving average is $15.6 and its 200-day moving average is $19.90. The company’s market cap is $305.9 million.

Neutral Tandem (NASDAQ:TNDM) last released its earnings data on Tuesday, May 6th. The company reported ($0.96) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.69) by $0.27. The company had revenue of $8.10 million for the quarter, compared to the consensus estimate of $8.24 million. During the same quarter last year, the company posted ($53.77) earnings per share. Neutral Tandem’s revenue was up 47.3% compared to the same quarter last year. On average, analysts predict that Neutral Tandem will post $-3.50 earnings per share for the current fiscal year.

Neutral Tandem, Inc provides tandem interconnection services principally to competitive carriers, including wireless, wireline, cable and broadband telephony companies.

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