Telos (NASDAQ:TLS) Trading Down 0.3% – Here’s Why

Shares of Telos Co. (NASDAQ:TLS) dropped 0.3% during mid-day trading on Wednesday . The stock traded as low as $3.29 and last traded at $3.31. Approximately 223,444 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 255,619 shares. The stock had previously closed at $3.32.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets increased their price objective on shares of Telos from $3.00 to $4.50 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Telos has a consensus rating of “Hold” and an average target price of $4.50.

Telos Price Performance

The company has a current ratio of 3.64, a quick ratio of 3.59 and a debt-to-equity ratio of 0.06. The business’s 50-day simple moving average is $3.37 and its two-hundred day simple moving average is $3.53. The firm has a market cap of $233.06 million, a price-to-earnings ratio of -4.60 and a beta of 0.91.

Hedge Funds Weigh In On Telos

Several institutional investors have recently added to or reduced their stakes in TLS. US Bancorp DE acquired a new stake in Telos in the third quarter valued at approximately $39,000. Intech Investment Management LLC bought a new position in shares of Telos in the 3rd quarter worth $49,000. Public Employees Retirement System of Ohio acquired a new stake in Telos in the 3rd quarter valued at $64,000. SG Americas Securities LLC increased its stake in Telos by 129.8% during the 3rd quarter. SG Americas Securities LLC now owns 23,478 shares of the company’s stock valued at $84,000 after purchasing an additional 13,263 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in Telos by 26.5% during the third quarter. OneDigital Investment Advisors LLC now owns 25,300 shares of the company’s stock worth $91,000 after buying an additional 5,300 shares during the last quarter. 62.14% of the stock is owned by institutional investors and hedge funds.

About Telos

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.