CSG Systems International Inc. (CSGS) lost ground during morning trading on September 23 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the technology sector halfway through the trading day. At the lunch break, shares of CSGS have fallen 3.94% to $42.38 after closing the day prior at $44.12. So far, the stock has traded as high as $44.04 and as low as $42.1. Today’s decline has come with about 74,447 shares changing hands, compared to an average 30-day volume of 176,808 for CSG Systems International Inc.. The price is currently below the 30-day volume weighted average price of $42.66 for CSGS.
The share depreciation gives the company a market capitalization of $1.43 billion based upon 32.35 million shares outstanding. It also means that CSGS has a price-to-book ratio of 5.92:1.
In the past 52 weeks, shares of CSGS have traded as low as $30.06 and as high as $46.54. Technical traders will take note that at $42.38, shares of CSGS are trading above their 200-day MA at $40.05 and above their 50-day MA at $41.98. 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 below them is typically regarded as bearish.
Who is CSGS?
CSG Systems International Inc is a business support solutions provider serving the communications industry. Its product solutions include cable and satellite care and billing; convergent rating and billing; mediation & data management & among others. The company’s 3277 employees are led by CEO Bret C. Griess from the corporate headquarters at 9555 Maroon Circle in Englewood, CO.
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