The Mer Telemanagement Solutions Ltd. (MTSL) shares are trading at higher $1.68.
To add more color to this target, the company’s high over the last year is $2.66 and the low is $0.75. Over the last 52 weeks, MTSL is down -36.84% while the S&P 500 is down -0.33%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, MTSL reported a profit of $0.78 million. Mer Telemanagement Solutions Ltd. also saw revenues increase to $1.24 million. The company’s EBITDA came in at $69000.0 which compares well with its peers.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MTSL has a short ratio of 0.08 and outstanding shares of 5.33M.
MTSL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.44 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.04. Mer Telemanagement Solutions Ltd. MTSL also noted assets of $7.1 million at the end of the last quarter. Investors should also keep an eye on sector updates as MTSL has historically followed its peers on positive news.
All told, Mer Telemanagement Solutions Ltd. MTSL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MTSL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Mer Telemanagement Solutions Ltd. MTSL is now commanding a market cap of 6.12M and a float of 2.46M. MTSL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MTSL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in MTSL, either long or short, and we have not been compensated for this article.