Alaska Communications Systems Group (NASDAQ:ALSK) Shares Cross Above 200-Day Moving Average of $1.76

Alaska Communications Systems Group Inc (NASDAQ:ALSK)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.76 and traded as high as $1.98. Alaska Communications Systems Group shares last traded at $1.97, with a volume of 139,386 shares changing hands.

The company has a debt-to-equity ratio of 1.47, a current ratio of 1.42 and a quick ratio of 1.25. The stock has a market cap of $104.43 million, a price-to-earnings ratio of 28.14 and a beta of 0.85. The stock’s 50-day moving average is $1.79 and its 200 day moving average is $1.76.

Alaska Communications Systems Group (NASDAQ:ALSK) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.04 EPS for the quarter. The firm had revenue of $59.13 million during the quarter. Alaska Communications Systems Group had a net margin of 1.73% and a return on equity of 3.66%.

In other news, Director Peter D. Aquino acquired 15,000 shares of Alaska Communications Systems Group stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $1.73 per share, for a total transaction of $25,950.00. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $25,950. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.24% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of ALSK. Renaissance Technologies LLC lifted its position in shares of Alaska Communications Systems Group by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,430,270 shares of the utilities provider’s stock valued at $4,156,000 after acquiring an additional 98,116 shares during the period. BlackRock Inc. lifted its position in shares of Alaska Communications Systems Group by 1.0% during the 2nd quarter. BlackRock Inc. now owns 1,779,258 shares of the utilities provider’s stock valued at $3,042,000 after acquiring an additional 16,974 shares during the period. Vanguard Group Inc. lifted its position in shares of Alaska Communications Systems Group by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,155,887 shares of the utilities provider’s stock valued at $3,687,000 after acquiring an additional 74,008 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Alaska Communications Systems Group during the 2nd quarter valued at approximately $29,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Alaska Communications Systems Group during the 2nd quarter valued at approximately $33,000. Institutional investors own 35.57% 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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