Alaska Communications Systems Group (NASDAQ:ALSK) Trading 9% Higher
Alaska Communications Systems Group Inc (NASDAQ:ALSK)’s share price traded up 9% on Tuesday . The company traded as high as $1.60 and last traded at $1.58, 401,300 shares were traded during mid-day trading. An increase of 128% from the average session volume of 175,761 shares. The stock had previously closed at $1.45.
The stock’s 50 day moving average price is $1.94 and its two-hundred day moving average price is $1.81. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.49 and a quick ratio of 1.33. The firm has a market capitalization of $76.97 million, a price-to-earnings ratio of 17.78 and a beta of 0.79.
Alaska Communications Systems Group (NASDAQ:ALSK) last issued its quarterly earnings data on Tuesday, March 10th. The utilities provider reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. Alaska Communications Systems Group had a net margin of 2.13% and a return on equity of 4.18%. The business had revenue of $58.26 million during the quarter.
An institutional investor recently raised its position in Alaska Communications Systems Group stock. Connor Clark & Lunn Investment Management Ltd. lifted its position in Alaska Communications Systems Group Inc (NASDAQ:ALSK) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,902 shares of the utilities provider’s stock after buying an additional 10,667 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.13% of Alaska Communications Systems Group worth $122,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 35.98% of the company’s stock.
Alaska Communications Systems Group Company Profile (NASDAQ:ALSK)
Alaska Communications Systems Group, Inc, through its subsidiaries, provides broadband telecommunication and managed information technology services to business, wholesale, and consumer customers in the United States. Its services include voice and broadband services; and managed IT services comprising remote network monitoring and support service, managed IT security and IT professional services, and long distance services primarily over its own terrestrial network to business and wholesale customers.
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