Telos (NASDAQ:TLS) Shares Down 0.3% – Here’s What Happened

Telos Co. (NASDAQ:TLS)’s stock price fell 0.3% on Wednesday . The company traded as low as $3.29 and last traded at $3.31. 223,444 shares were traded during trading, a decline of 13% from the average session volume of 255,619 shares. The stock had previously closed at $3.32.

Analyst Ratings Changes

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

Telos Stock Down 0.3 %

The firm has a 50-day moving average of $3.37 and a two-hundred day moving average of $3.54. The stock has a market capitalization of $239.58 million, a price-to-earnings ratio of -4.73 and a beta of 0.91. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Telos

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in shares of Telos by 0.6% during the 3rd quarter. Barclays PLC now owns 9,180,956 shares of the company’s stock valued at $32,961,000 after acquiring an additional 52,320 shares in the last quarter. Renaissance Technologies LLC grew its stake in Telos by 22.9% in the second quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company’s stock valued at $4,118,000 after purchasing an additional 190,700 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Telos in the 3rd quarter worth about $3,665,000. State Street Corp raised its stake in shares of Telos by 27.0% during the 3rd quarter. State Street Corp now owns 933,156 shares of the company’s stock worth $3,350,000 after purchasing an additional 198,676 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Telos by 28.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 839,855 shares of the company’s stock valued at $3,015,000 after buying an additional 186,059 shares during the last quarter. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Telos Company Profile

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.