Ascendiant Capital Maintains Elephant Talk Communications Corp to Buy with Price Target $0.50

Brokerage firm Ascendiant Capital Maintains its rating on Elephant Talk Communications Corp(NYSEMKT:ETAK). In a research note issued to the investors, the brokerage major Lowers the price-target to $0.50 per share. The shares have been rated Buy. The rating by Ascendiant Capital was issued on Apr 14, 2016.

Elephant Talk Communications Corp (ETAK) remained unchanged at the close of Monday session. Even as the volume increased to 1,48,106 ,the shares failed to make any impression and ended at 0 points or 0.00% at $0.2021. The trading session commenced at $0.2021 and the stock hit a high of $0.22 and touched $0.2021 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $0.63 and the 52-week low is $0.18. The company has a market cap of $33 M and has approximately 16,16,22,290 outstanding shares.

Elephant Talk Communications Corp(ETAK) last announced its earnings results on Mar 31, 2016 for Fiscal Year 2015 and Q4.Earnings per share were $-0.01.

Several Insider Transactions has been reported to the SEC. On Jul 10, 2015, Patrick M. Carroll (Exec. Chairman ValidSoft) sold 76,241 shares at $0.37 per share price.Also, On Jun 26, 2015, Ii Investments, Sa Qat (10% owner) sold 352,000 shares at $0.35 per share price.

Elephant Talk Communications Corp. and its subsidiaries provide a one-stop solution for a suite of mobile fixed and convergent telecommunications software services. The Company also provides layered security services for mission critical applications in the cloud through its wholly owned subsidiary ValidSoft UK Limited. It has developed mobile ET Software DNA 2.0 Platform capable of hosting an integrated IT or backoffice and core network for mobile network operators (MNOs) and Mobile Virtual Network Operators (MVNOs) Enablers (MVNEs) and Aggregators (MVNAs). Its mobile security services supply telecommunications-based multi-factor mutual authentication identity and transaction verification solutions for electronic transaction channels. This integrated suite of security services provides mission critical applications in the cloud to customers in industries such as financial services Government benefits and insurance as well as electronic medical record providers and MNOs.

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