Otelco Inc. (NASDAQ:OTEL) posted its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.45 earnings per share for the quarter, Morningstar.com reports. The business had revenue of $17.41 million during the quarter. Otelco had a net margin of 7.56% and a negative return on equity of 53.14%.
Shares of Otelco (NASDAQ OTEL) traded down 1.22% during trading on Friday, hitting $8.10. 30,057 shares of the stock traded hands. The firm’s 50-day moving average price is $7.64 and its 200-day moving average price is $7.08. Otelco has a 12 month low of $4.15 and a 12 month high of $8.55. The stock has a market cap of $27.10 million, a PE ratio of 5.35 and a beta of 0.45.
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