Telecom Italia (OTCMKTS:TIAIY) Shares Down 4.7% – Here’s What Happened

Telecom Italia S.p.A. (OTCMKTS:TIAIY) shares dropped 4.7% during mid-day trading on Friday . The company traded as low as $3.07 and last traded at $3.07. Approximately 1,500 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 1,424 shares. The stock had previously closed at $3.22.

Telecom Italia Trading Down 4.7 %

The company has a 50-day simple moving average of $3.11 and a 200 day simple moving average of $2.98. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.69.

Telecom Italia Company Profile

Telecom Italia S.p.A., together with its subsidiaries, engages in the provision of fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for top, public sector and large account customers.