Straight Path Communications Inc (NYSEMKT:STRP) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.

Shares of Straight Path Communications (STRP) traded down 0.24% on Thursday, hitting $179.15. The stock had a trading volume of 100,695 shares. The company has a 50-day moving average of $179.66 and a 200 day moving average of $106.25. Straight Path Communications has a 52 week low of $15.06 and a 52 week high of $235.88. The company’s market capitalization is $2.27 billion.

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About Straight Path Communications

Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.

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