Datatec (OTCMKTS:DTTLY) Shares Down 1.8% - Here's Why

Key Points

• Datatec's share price fell by 1.8% to $7.16 during mid-day trading, with a significant increase in trading volume from an average of 6 shares to approximately 250 shares.
• The company boasts a debt-to-equity ratio of 0.06, indicating strong financial health, alongside a quick ratio of 0.94 and a current ratio of 1.04.
• Datatec operates in the information and communication technology (ICT) sector, providing solutions in areas such as cyber security, network infrastructure, and data centre services.

Datatec (OTCMKTS:DTTLY - Get Free Report) fell 1.8% on Friday . The stock traded as low as $7.16 and last traded at $7.16. 250 shares traded hands during trading, an increase of 4,032% from the average session volume of 6 shares. The stock had previously closed at $7.29.

Datatec Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.94 and a current ratio of 1.04. The firm's 50-day simple moving average is $6.89 and its two-hundred day simple moving average is $6.10.

Datatec Company Profile

Datatec Limited, together with its subsidiaries, provides information and communication technology (ICT) solutions and services worldwide. It operates in four segments: Westcon International, Logicalis International, Logicalis Latin America, and Corporate and Management Consulting. The company distributes cyber security, network infrastructure, unified collaboration products, data centre solutions, and channel services; and offers financing/leasing solutions for ICT customers.