Telit Communications Plc (TCM) Insider Purchases £368,000 in Stock
Telit Communications Plc (LON:TCM) insider Oozi Cats acquired 200,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average price of GBX 184 ($2.40) per share, with a total value of £368,000 ($479,229.07).
Oozi Cats also recently made the following trade(s):
- On Thursday, June 29th, Oozi Cats acquired 75,215 shares of Telit Communications Plc stock. The stock was purchased at an average price of GBX 312 ($4.06) per share, with a total value of £234,670.80 ($305,600.73).
- On Wednesday, May 24th, Oozi Cats sold 7,081,620 shares of Telit Communications Plc stock. The shares were sold at an average price of GBX 340 ($4.43), for a total transaction of £24,077,508 ($31,355,004.56).
Shares of Telit Communications Plc (TCM) opened at 165.50 on Tuesday. Telit Communications Plc has a 12 month low of GBX 143.25 and a 12 month high of GBX 379.00. The company’s market cap is GBX 191.11 million. The stock’s 50 day moving average is GBX 286.14 and its 200-day moving average is GBX 312.83.
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A number of equities research analysts have weighed in on TCM shares. Berenberg Bank reiterated a “buy” rating and set a GBX 380 ($4.95) target price on shares of Telit Communications Plc in a research note on Tuesday, April 25th. Canaccord Genuity boosted their target price on shares of Telit Communications Plc from GBX 355 ($4.62) to GBX 390 ($5.08) and gave the company a “buy” rating in a research note on Wednesday, April 26th. Five equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of GBX 370 ($4.82).
About Telit Communications Plc
Telit Communications PLC (Telit) is a United Kingdom-based enabler of machine-to-machine (M2M) communications providing cellular, short range and positioning modules via its brand Telit Wireless Solutions. The Company develops and markets cellular, global navigation satellite system (GNSS), short-to-long range wireless modules plus mobile connectivity services and application enablement platform to onboard edge devices to the Internet of Things (IoT).
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