Mitel Networks Corporation (MITL) : During the past 4 weeks, traders have been relatively bearish on Mitel Networks Corporation (MITL), hence the stock is down -2.25% 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 -0.03% relative to the S&P 500. The stock has risen by 0.14% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.77% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.12% and the 50-Day Moving Average is 2.08%.The 200 Day SMA reached 3.33%
Mitel Networks Corporation (NASDAQ:MITL): The stock opened in the green at $7.42 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $7.42 and a low of $7.27 for the day. The stock did not find buyers even at the lows and closed at $7.36 recording a loss of -0.14%. 706,041 shares exchanged hands during the trading day. The stock had closed at $7.36 in the previous days trading.
Mitel Networks Corporation (MITL) stock is expected to deviate a maximum of $1.12 from the average target price of $11.56 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $13 and the most muted being $10.
Mitel Networks Corporation (Mitel) is a global provider of business communications and collaboration software, services and solutions. The Company operates in two segments: Premise and Cloud. The Premise segment sells and supports products and services for premise-based customers. The Cloud segment sells and supports products that are deployed in a cloud environment. Mitel offers portfolios of business communications solutions, which are known as unified communications and collaboration (UCC). It also offers cloud-based telephony services and network services in the United States and in select markets across the globe. It operates in three geographic markets: Americas, which includes the United States, Canada, the Caribbean and Latin America; EMEA, which includes the continent of Europe, the Middle East and Africa, and Asia Pacific, which includes the continent of Asia and the Pacific region, including Australia and New Zealand.