Telos (NASDAQ:TLS) Trading Down 0.3% – Here’s What Happened

Telos Co. (NASDAQ:TLS) dropped 0.3% on Wednesday . The company traded as low as $3.29 and last traded at $3.31. Approximately 223,444 shares changed hands during trading, a decline of 13% from the average daily volume of 255,619 shares. The stock had previously closed at $3.32.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upped their target price on Telos from $3.00 to $4.50 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.50.

Telos Price Performance

The stock has a market capitalization of $239.58 million, a P/E ratio of -4.73 and a beta of 0.91. The company has a 50 day moving average of $3.37 and a 200-day moving average of $3.54. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06.

Hedge Funds Weigh In On Telos

A number of hedge funds and other institutional investors have recently bought and sold shares of TLS. Barclays PLC lifted its holdings in shares of Telos by 0.6% in the 3rd quarter. Barclays PLC now owns 9,180,956 shares of the company’s stock worth $32,961,000 after purchasing an additional 52,320 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Telos by 22.9% in the second quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company’s stock valued at $4,118,000 after buying an additional 190,700 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Telos during the third quarter valued at $3,665,000. State Street Corp grew its position in shares of Telos by 27.0% during the third quarter. State Street Corp now owns 933,156 shares of the company’s stock worth $3,350,000 after acquiring an additional 198,676 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Telos by 28.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 839,855 shares of the company’s stock worth $3,015,000 after acquiring an additional 186,059 shares during the period. 62.14% of the stock is currently owned by institutional investors and hedge funds.

Telos Company Profile

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.