GTT Communications Inc. [GTT] fell -21.85% so far this year. What now?

GTT Communications Inc. [NYSE: GTT] price plunged by -29.01 percent to reach at -$1.14. The company report on February 19, 2021 that SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in GTT Communications, Inc. of Class Action Lawsuit and Upcoming Deadline – GTT.

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Pomerantz LLP announces that a class action lawsuit has been filed against GTT Communications, Inc. (“GTT” or the “Company”) (NYSE: GTT) and certain of its officers. The class action, filed in United States District Court for the Central District of California, and docketed under 21-cv-00839, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired GTT publicly traded securities from May 5, 2016 through November 9, 2020, inclusive (the “Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934 (the “Exchange Act”). Plaintiff alleges that Defendants violated the Exchange Act by publishing false and misleading statements to artificially inflate the Company’s stock price.

If you are a shareholder who purchased GTT securities during the Class Period, you have until March 15, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

A sum of 8424107 shares traded at recent session while its average daily volume was at 852.23K shares. GTT Communications Inc. shares reached a high of $3.90 and dropped to a low of $2.41 until finishing in the latest session at $2.79.

Guru’s Opinion on GTT Communications Inc. [GTT]:

Raymond James have made an estimate for GTT Communications Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on August 11, 2020. The new note on the price target was released on May 26, 2020, representing the official price target for GTT Communications Inc. stock. Previously, the target price had yet another drop from $10 to $7, while SunTrust kept a Hold rating on GTT stock.

The Average True Range (ATR) for GTT Communications Inc. is set at 0.47, with the Price to Sales ratio for GTT stock in the period of the last 12 months amounting to 0.10. The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 1.67. Price to Free Cash Flow for GTT in the course of the last twelve months was 1.25 with Quick ratio for the last quarter at 0.60.

GTT Stock Performance Analysis:

GTT Communications Inc. [GTT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -38.41. With this latest performance, GTT shares dropped by -19.60% in over the last four-week period, additionally sinking by -40.13% over the last 6 months – not to mention a drop of -79.64% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GTT stock in for the last two-week period is set at 29.92, with the RSI for the last a single of trading hit 21.23, and the three-weeks RSI is set at 35.17 for GTT Communications Inc. [GTT]. The present Moving Average for the last 50 days of trading for this stock 4.00, while it was recorded at 3.81 for the last single week of trading, and 5.67 for the last 200 days.

Insight into GTT Communications Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and GTT Communications Inc. [GTT] shares currently have an operating margin of +9.22 and a Gross Margin at +31.09. GTT Communications Inc.’s Net Margin is presently recorded at -6.13.

Return on Total Capital for GTT is now 4.22, given the latest momentum, and Return on Invested Capital for the company is -2.86. Return on Equity for this stock declined to -30.01, with Return on Assets sitting at -2.28. When it comes to the capital structure of this company, GTT Communications Inc. [GTT] has a Total Debt to Total Equity ratio set at 1,240.98. Additionally, GTT Total Debt to Total Capital is recorded at 92.54, with Total Debt to Total Assets ending up at 75.93. Long-Term Debt to Equity for the company is recorded at 1,203.30, with the Long-Term Debt to Total Capital now at 89.73.

Reflecting on the efficiency of the workforce at the company, GTT Communications Inc. [GTT] managed to generate an average of -$34,161 per employee. Receivables Turnover for the company is 9.88 with a Total Asset Turnover recorded at a value of 0.37.GTT Communications Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

GTT Stock EPS

With the latest financial reports released by the company, GTT Communications Inc. posted -0.59/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1,375.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GTT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for GTT Communications Inc. go to 25.00%.

GTT Communications Inc. [GTT] Insider Position Details

There are presently around $107 million, or 74.40% of GTT stock, in the hands of institutional investors. The top three institutional holders of GTT stocks are: SPRUCE HOUSE INVESTMENT MANAGEMENT LLC with ownership of 15,875,000, which is approximately 0% of the company’s market cap and around 4.70% of the total institutional ownership; CONIFER MANAGEMENT, L.L.C., holding 5,209,971 shares of the stock with an approximate value of $14.54 million in GTT stocks shares; and NEUBERGER BERMAN GROUP LLC, currently with $13.4 million in GTT stock with ownership of nearly 9.97% of the company’s market capitalization.

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Positions in GTT Communications Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 36 institutional holders increased their position in GTT Communications Inc. [NYSE:GTT] by around 1,199,279 shares. Additionally, 41 investors decreased positions by around 2,988,396 shares, while 22 investors held positions by with 34,205,933 shares. The mentioned changes placed institutional holdings at 38,393,608 shares, according to the latest SEC report filing. GTT stock had 10 new institutional investments in for a total of 204,630 shares, while 19 institutional investors sold positions of 305,237 shares during the same period.

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