Stock News Buzz: Pareteum Corporation (NASDAQ: TEUM)

Pareteum Corporation (NASDAQ: TEUM) settled plunge of -3.76% in recent trading period with closing price of $0.35. The company’s last traded volume of 3159523 shares vs to an average volume of 5758.02K shares. TEUM price lost at -50.83% from 20-Days Simple Moving Average, plunged at -73.83% from 50-Days Simple Moving Average and settled at -88.49% from 200 Days Simple Moving Average.

Pareteum Corporation (TEUM) recently reported that Brazilian communications service provider Linktel will deploy the Pareteum Experience CloudTM platform to deliver improved global mobility services to its consumers and enterprise consumers.

“We are focused on providing the best-connected experiences to millions of our consumers and partners’ consumers,” stated Jonas Trunk, Chief Executive Officer at Linktel. “The Pareteum Experience Cloud solution enables us to enhance those experiences by giving consumers seamless global access to their favorite content and services.”

“I am very happy to be deepening our joint venture with Linktel, which occupies a key position in the Brazilian communications market,” stated Christine Braelow, Vice President of Sales for Enterprise and Brands at Pareteum. “We are building an ecosystem about our Experience Cloud and this recent consumer win is an excellent example of how that ecosystem extends the benefits of our platform not only to our consumers, but to their consumers as well.”

The corporation has 118.87 million shares outstanding and 109.67 million shares were floated in market. The short ratio in the company’s stock is documented at 3.78 and the short float is around of 19.84%. The average true range of the stock is observed at 0.1 and the relative strength index of the stock is recorded at 22.05. Pareteum Corporation lost at -8.00% in past week and declined with -72.19% in one month. During the past three-month period the stock dropped of -88.93% and decreased at -92.47% in past six month while year to date performance of -79.10%.