Elephant Talk Communications (ETAK) : During the past 4 weeks, traders have been relatively bearish on Elephant Talk Communications (ETAK), hence the stock is down -26.46% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -20.12% relative to the S&P 500. The 4-week change in the price of the stock is -25.7% and the stock has fallen -20.08% in the past 1 week.
The stock has recorded a 20-day Moving Average of 18.4% and the 50-Day Moving Average is 23.03%. Elephant Talk Communications (NYSEMKT:ETAK): stock turned positive on Friday. Though the stock opened at $0.1201, the bulls momentum made the stock top out at $0.13 level for the day. The stock recorded a low of $0.095 and closed the trading day at $0.1278, in the green by 6.50%. The total traded volume for the day was 678,029. The stock had closed at $0.12 in the previous days trading.
The company Insiders own 3.7% of Elephant Talk Communications shares according to the proxy statements. Institutional Investors own 3.2% of Elephant Talk Communications shares.
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.