LICT (OTCMKTS:LICT) Trading 7.8% Higher – Still a Buy?

LICT Corp. (OTCMKTS:LICTGet Free Report)’s share price traded up 7.8% during mid-day trading on Thursday . The stock traded as high as $11,700.00 and last traded at $11,700.00. Approximately 1 shares changed hands during trading, a decline of 85% from the average daily volume of 7 shares. The stock had previously closed at $10,850.00.

LICT Price Performance

The company has a market capitalization of $234 million, a PE ratio of 15.31 and a beta of 0.05. The business’s 50 day simple moving average is $11,026.49 and its 200 day simple moving average is $11,161.18.

LICT (OTCMKTS:LICTGet Free Report) last posted its quarterly earnings results on Thursday, March 19th. The company reported $77.00 earnings per share for the quarter. The firm had revenue of $36.30 million during the quarter.

LICT Company Profile

(Get Free Report)

LICT Corporation is a telecommunications holding company headquartered in Hudson, New York. Operating under the ticker OTCMKTS:LICT, the company specializes in the design, deployment and management of fiber‐based broadband, voice and managed network solutions. LICT serves a broad customer base that includes small and medium enterprises, government and educational institutions, as well as residential subscribers in rural and suburban communities.

The company’s service portfolio encompasses dark fiber leasing, point-to-point and ring-based fiber transport, high-speed Internet access, managed security and cloud connectivity solutions.

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