LICT (OTCMKTS:LICT) Stock Price Down 1.4% – Should You Sell?

LICT Corp. (OTCMKTS:LICT) was down 1.4% during mid-day trading on Friday . The stock traded as low as $10,850.00 and last traded at $10,850.00. Approximately 12 shares changed hands during mid-day trading, an increase of 105% from the average daily volume of 6 shares. The stock had previously closed at $11,000.00.

LICT Stock Performance

The firm has a market cap of $217 million, a P/E ratio of 14.20 and a beta of 0.16. The firm has a fifty day moving average of $11,627.93 and a 200-day moving average of $11,030.14.

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

About LICT

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.