LICT (OTCMKTS:LICT) Stock Price Up 7.8% – Still a Buy?

Shares of LICT Corp. (OTCMKTS:LICT) shot up 7.8% on Thursday . The stock traded as high as $11,700.00 and last traded at $11,700.00. 1 shares changed hands during trading, a decline of 85% from the average session volume of 7 shares. The stock had previously closed at $10,850.00.

LICT Stock Performance

The business’s 50 day moving average price is $11,026.49 and its 200-day moving average price is $11,161.18. The firm has a market capitalization of $234 million, a PE ratio of 15.31 and a beta of 0.05.

LICT (OTCMKTS:LICT) last issued its quarterly earnings data on Thursday, March 19th. The company reported $77.00 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.