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

Straight Path Communications (NYSEMKT STRP) traded down 0.10% during mid-day trading on Tuesday, hitting $181.31. 48,088 shares of the stock were exchanged. Straight Path Communications has a 12-month low of $21.85 and a 12-month high of $235.88. The company has a 50 day moving average of $179.77 and a 200 day moving average of $156.67. The firm’s market cap is $2.30 billion.

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Straight Path Communications Company Profile

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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