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Shares of Otelco Inc (NASDAQ:OTEL) ended Monday session in redamid volatile trading. The shares closed down -0.30 points or -4.65% at $6.15 with 943.00 shares getting traded. Post opening the session at $6.00, the shares hit an intraday low of $6.00 and an intraday high of $6.18 and the price vacillated in this range throughout the day.

Market Cap/Outstanding Shares

The company has a market cap of $19.70 million and the number of outstanding shares have been calculated to be 3.28 million shares.

Performance weekly/monthly/quarterly/yearly in percentage (%)

The performance for the week is valued at 4.22%, resulting in a performance for the month at 41.74%. Therefore, the stated figure displays a quarterly performance of 40.45% and an annual performance of -10.69% traded down -4.65% on 28 November, 2016 hitting $6.15.

Beta/ATR/Volatility

Beta factor is stands at 0.49 and Avg. true range is 0.42. Historically, the volatility of this stock is about 6.41% a week and 7.41% a month.

Otelco Inc (OTEL) declared results for its third quarter ended September 30, 2016. Key highlights for Otelco include:

Total revenues of $17.4 million for third quarter 2016.

Operating income of $4.6 million for third quarter 2016.

Net income of $1.1 million for third quarter 2016.

Merged EBITDA (as defined below) of $6.7 million for third quarter 2016.

“The impact of the decline in revenue this quarter when contrast with the same period in 2015 was once again offset by our network and operations cost improvements,” said Rob Souza, President and Chief Executive Officer of Otelco. “Apart From the impact of $0.3 million of legal costs associated with an exploratory project, operating income declined by less than $0.1 million and Merged EBITDA declined by $0.2 million. Top line residential and access revenue remain under pressure, and our focus on both delivering continuous cost improvements and implementing top-line revenue enhancements, promotions, and, where appropriate, pricing actions, is having the desired impact.

“Our marketing focus on speed and pricing options assisted Internet revenue grow this quarter and year-to-date when contrast with the same periods in 2015,” continued Souza. “Last week, our CLEC was awarded a contract to serve the residents of a western Massachusetts community for Internet and voice services. We will deliver our services over the town-owned fiber optic facilities and expect to begin providing service to their over 600 residents during first quarter 2017. Sales and installations of our Hosted PBX product had their best quarter of the year as customers adopt Internet protocol technology and recognize the quality of our product when measured against other market offers.

“On October 31, 2016, we notified the FCC that all of our eligible RLECs would accept their Alternative Connect America Cost Model (“A-CAM”) offer,” added Souza. “The proposals provide a ten-year funding mechanism to continue the broadband transition for our rural customers. As presently established, the acceptance of A-CAM funding will provide a slight positive impact on the Company, starting in 2017. There may be a second decision point once the FCC completes its review of the elections made by all of the rate-of-return companies.

 

 

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