TeleCommunication Systems Inc. (TSYS) was a big mover last session with shares rising over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the past one month’s volatile price range of $2.11 to $2.35.
This provider of wireless communication technology has seen no estimate revisions in the last 60 days. However, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
TeleCommunication Systems currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Internet software industry may consider better-ranked stocks like j2 Global, Inc. (JCOM), Model N, Inc. (MODN) and Support.com, Inc. (SPRT). All three stocks sport a Zacks Rank #1 (Strong Buy).
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TELECOMMUNICATIONS SYS CL A (TSYS): Free Stock Analysis Report
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