Alaska Communications Systems Group (NASDAQ:ALSK) Stock Passes Above Two Hundred Day Moving Average of $1.78

Alaska Communications Systems Group Inc (NASDAQ:ALSK)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.78 and traded as high as $1.79. Alaska Communications Systems Group shares last traded at $1.76, with a volume of 1,752 shares traded.

The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 1.48. The company has a 50-day simple moving average of $1.81 and a 200 day simple moving average of $1.78. The firm has a market cap of $94.22 million, a PE ratio of 17.60 and a beta of 0.70.

Alaska Communications Systems Group (NASDAQ:ALSK) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.00 EPS for the quarter. Alaska Communications Systems Group had a return on equity of 3.55% and a net margin of 1.64%. The business had revenue of $57.40 million for the quarter.

Several large investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Alaska Communications Systems Group by 11.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,134 shares of the utilities provider’s stock valued at $108,000 after buying an additional 6,335 shares in the last quarter. Comprehensive Portfolio Management LLC purchased a new position in shares of Alaska Communications Systems Group during the 2nd quarter valued at approximately $26,000. Mid Atlantic Financial Management Inc. ADV purchased a new position in shares of Alaska Communications Systems Group during the 2nd quarter valued at approximately $28,000. BlackRock Inc. lifted its position in shares of Alaska Communications Systems Group by 1.0% during the 2nd quarter. BlackRock Inc. now owns 1,779,258 shares of the utilities provider’s stock valued at $3,042,000 after buying an additional 16,974 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Alaska Communications Systems Group during the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 36.02% of the company’s stock.

Alaska Communications Systems Group Company Profile (NASDAQ:ALSK)

Alaska Communications Systems Group, Inc, through its subsidiaries, provides broadband telecommunication and managed information technology services to business, wholesale, and consumer customers in the United States. Its services include voice and broadband services; and managed IT services comprising remote network monitoring and support service, managed IT security and IT professional services, and long distance services primarily over its own terrestrial network to business and wholesale customers.

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