Otelco Inc (NASDAQ:OTEL) Director Gary L. Sugarman purchased 890 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of $11.25 per share, with a total value of $10,012.50. Following the acquisition, the director now owns 7,169 shares in the company, valued at $80,651.25. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of OTEL stock traded down $0.01 during trading hours on Monday, hitting $11.43. The company had a trading volume of 1 shares, compared to its average volume of 2,244. The firm has a market capitalization of $39.01 million, a price-to-earnings ratio of 4.89 and a beta of 0.81. Otelco Inc has a 12 month low of $11.00 and a 12 month high of $18.31. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.90 and a current ratio of 1.21. The firm’s fifty day moving average is $11.64 and its 200 day moving average is $13.80.
Separately, ValuEngine raised Otelco from a “hold” rating to a “buy” rating in a report on Saturday, October 5th.
Otelco Company Profile
Otelco Inc provides a range of telecommunications services on a retail and wholesale basis. The company offers local services, including voice lines that provide local dial tone and calling features, such as caller identification, call waiting, call forwarding, and voicemail; long distance services; billing and collection services for other carriers under contract; and directory advertising services.
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