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LICT (OTCMKTS:LICT) Trading Down 1.4% - Here's Why

LICT logo with Utilities background
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Key Points

  • Shares fell 1.4% to $10,850 on Thursday on very thin trading — roughly 4 shares changed hands versus an average of 5 shares.
  • Market cap $217 million with a P/E of 14.20, indicating the company's current valuation and earnings multiple.
  • In its most recent quarter (reported March 19), LICT reported $77.00 EPS on $36.3 million of revenue.
  • MarketBeat previews top five stocks to own in June.

LICT Corp. (OTCMKTS:LICT - Get Free Report) shares were down 1.4% on Thursday . The company traded as low as $10,850.00 and last traded at $10,850.00. Approximately 4 shares were traded during trading, a decline of 24% from the average daily volume of 5 shares. The stock had previously closed at $11,000.00.

LICT Price Performance

The firm has a market capitalization of $217 million, a P/E ratio of 14.20 and a beta of 0.06. The stock's 50 day moving average is $11,571.86 and its two-hundred day moving average is $11,034.25.

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

About LICT

(Get Free Report)

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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