Shenandoah Telecommunications (NASDAQ:SHEN) Reaches New 12-Month Low – Should You Sell?

Shenandoah Telecommunications (NASDAQ:SHEN) shares reached a new 52-week low on Tuesday . The company traded as low as $10.42 and last traded at $10.67, with a volume of 9887 shares changing hands. The stock had previously closed at $10.50.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Wednesday, November 13th.

Shenandoah Telecommunications Price Performance

The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.36. The stock has a market cap of $583.95 million, a P/E ratio of 2.75 and a beta of 0.61. The business has a 50-day simple moving average of $12.52 and a 200 day simple moving average of $14.22.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its earnings results on Thursday, November 7th. The utilities provider reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Shenandoah Telecommunications had a net margin of 62.67% and a negative return on equity of 1.45%. The company had revenue of $87.60 million for the quarter, compared to analyst estimates of $88.80 million. During the same quarter in the previous year, the firm earned $0.03 EPS. On average, analysts forecast that Shenandoah Telecommunications will post -0.41 earnings per share for the current year.

Institutional Trading of Shenandoah Telecommunications

Several hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC purchased a new position in shares of Shenandoah Telecommunications during the fourth quarter valued at approximately $2,379,000. Principal Financial Group Inc. lifted its holdings in Shenandoah Telecommunications by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 222,588 shares of the utilities provider’s stock valued at $2,807,000 after purchasing an additional 6,323 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Shenandoah Telecommunications by 4.1% in the fourth quarter. Rhumbline Advisers now owns 150,079 shares of the utilities provider’s stock worth $1,892,000 after purchasing an additional 5,862 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Shenandoah Telecommunications by 16.1% in the fourth quarter. DAVENPORT & Co LLC now owns 1,012,685 shares of the utilities provider’s stock valued at $12,770,000 after purchasing an additional 140,314 shares during the period. Finally, Capital Investment Advisory Services LLC purchased a new stake in shares of Shenandoah Telecommunications during the 4th quarter valued at approximately $252,000. Institutional investors and hedge funds own 61.96% of the company’s stock.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.