MER Telemanagement Solutions Ltd. (MTSL) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of MTSL have risen 3.2% to $1.29 after closing the day prior at $1.25. In the first two and a half hours of trading, the stock has gone as high as $1.34 and as low as $1.26. Today’s rise has come with about 10,817 shares changing hands, compared to an average 30-day volume of 21,379 for MER Telemanagement Solutions Ltd.. The price is currently below the 30-day volume weighted average price of $1.3 for MTSL.
The share appreciation gives the company a market capitalization of $10.86 million based upon 8.69 million shares outstanding. It also means that MTSL has a price-to-book ratio of 1.62:1.
In the past 52 weeks, shares of MTSL have traded as low as $0.6899 and as high as $1.45. Technical traders will take note that at $1.29, shares of MTSL are trading above their 200-day MA at $1.01 and above their 50-day MA at $1.24. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is MTSL?
MER Telemanagement Solutions Ltd is engaged in providing solutions for telecommunications expense management and billing solutions including cloud billing, mobile virtual network enabler, m2m/iot service providers and mobile money markets. The company’s 82 employees are led by CEO Lior Salansky from the corporate headquarters at 14 Hatidhar Street in Ra'anana, .
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