freenet (FRA:FNTN) Trading Up 0.7% – Time to Buy?

freenet AG (FRA:FNTN)’s stock price was up 0.7% during trading on Monday . The company traded as high as €27.60 and last traded at €27.54. Approximately 550,935 shares changed hands during mid-day trading, The stock had previously closed at €27.34.

freenet Price Performance

The stock’s 50-day simple moving average is €28.35 and its 200 day simple moving average is €28.37.

About freenet

freenet AG provides telecommunications, radio and multimedia, mobile communications, mobile Internet, and digital lifestyle services in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in the marketing of mobile communications services, which include voice and data services from the mobile communications network operators; planning, construction, installation, and maintenance services for WiFi networks; and selling and distribution of mobile communications devices, as well as offers additional services for mobile data communications and digital lifestyle.