LICT (OTCMKTS:LICT) Stock Price Down 1.4% - Should You Sell?

Key Points

• Shares fell 1.4% in mid-day trading to $10,850, with only about 12 shares changing hands (a 105% increase from the average daily volume of 6) after closing previously at $11,000.
• The company carries a market cap of $217 million, a P/E ratio of 14.20 and a low beta of 0.16, with a 50-day moving average of $11,627.93 and a 200-day moving average of $11,030.14.
• LICT reported $77.00 EPS and $36.3 million in revenue for the most recent quarter; it is a telecommunications holding focused on fiber-based broadband, dark fiber leasing and managed network solutions for businesses, institutions and residential customers.

LICT Corp. (OTCMKTS:LICT - Get Free Report) was down 1.4% during mid-day trading on Friday . The stock traded as low as $10,850.00 and last traded at $10,850.00. Approximately 12 shares changed hands during mid-day trading, an increase of 105% from the average daily volume of 6 shares. The stock had previously closed at $11,000.00.

LICT Stock Performance

The firm has a market cap of $217 million, a P/E ratio of 14.20 and a beta of 0.16. The firm has a fifty day moving average of $11,627.93 and a 200-day moving average of $11,030.14.

LICT (OTCMKTS:LICT - Get Free Report) last announced its quarterly earnings results on Thursday, March 19th. The company reported $77.00 earnings per share (EPS) for the quarter. The company had revenue of $36.30 million during the quarter.

About LICT

LICT Corporation is a telecommunications holding company headquartered in Hudson, New York. Operating under the ticker OTCMKTS:LICT, the company specializes in the design, deployment and management of fiber‐based broadband, voice and managed network solutions. LICT serves a broad customer base that includes small and medium enterprises, government and educational institutions, as well as residential subscribers in rural and suburban communities.

The company's service portfolio encompasses dark fiber leasing, point-to-point and ring-based fiber transport, high-speed Internet access, managed security and cloud connectivity solutions.

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