GTT Communications Inc. [GTT] fell -47.62% so far this year. What now?

GTT Communications Inc. [NYSE: GTT] slipped around -0.17 points on Tuesday, while shares priced at $1.87 at the close of the session, down -8.33%. The company report on March 16, 2021 that GTT Announces Leaders for Americas and Europe Divisions.

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GTT Communications, Inc. (NYSE: GTT), a leading global cloud networking provider to multinational clients, announced the appointment of Dave Salustri as Division President, Americas and Tom Homer as Division President, Europe. Mr. Salustri previously served as senior vice president Enterprise Sales, Americas. Prior to GTT, Mr. Salustri held a broad range of sales leadership and executive roles in the telecommunication industry at Time Warner Cable, XO Communications, and Verizon. Mr. Homer previously served as senior vice president, Europe, leading GTT’s sales operation in the region. Before joining GTT in 2020, Mr. Homer was Managing Director, EMEA at Telstra.

GTT’s divisions, aligned geographically, have responsibility for key functions that include client success, sales, sales engineering, quoting, ordering, professional services, and overall client account management. In their new roles, Mr. Salustri and Mr. Homer will focus on defining and executing the go-to-market strategy, expanding the breadth of services provided to GTT’s existing customer base, and acquiring new customers. These key areas of focus are supported by the company’s operational excellence and customer experience improvement initiatives coupled with its comprehensive portfolio of cloud networking services that address current and future enterprise telecommunications needs. In addition to Europe, Mr. Homer’s geographic responsibilities include Middle East, Africa, and Asia-Pacific.

GTT Communications Inc. stock is now -47.62% down from its year-to-date (YTD) trading value. GTT Stock saw the intraday high of $2.03 and lowest of $1.85 per share. The company’s 52-week high price is 12.59, which means current price is +23.84% above from all time high which was touched on 01/27/21.

Compared to the average trading volume of 4.56M shares, GTT reached a trading volume of 3010112 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 0.32, with the Price to Sales ratio for GTT stock in the period of the last 12 months amounting to 0.06. The Price to Book ratio for the last quarter was 0.54, with the Price to Cash per share for the same quarter was set at 1.91. Price to Free Cash Flow for GTT in the course of the last twelve months was 0.73 with Quick ratio for the last quarter at 0.60.

How has GTT stock performed recently?

GTT Communications Inc. [GTT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.95. With this latest performance, GTT shares dropped by -22.08% in over the last four-week period, additionally sinking by -68.52% over the last 6 months – not to mention a drop of -76.62% 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 38.66, with the RSI for the last a single of trading hit 39.31, and the three-weeks RSI is set at 38.87 for GTT Communications Inc. [GTT]. The present Moving Average for the last 50 days of trading for this stock 3.1742, while it was recorded at 2.0040 for the last single week of trading, and 4.8650 for the last 200 days.

GTT Communications Inc. [GTT]: Deeper insight into the 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.

Earnings analysis for GTT Communications Inc. [GTT]

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%.

Insider trade positions for GTT Communications Inc. [GTT]

There are presently around $72 million, or 64.70% 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 4.50% of the total institutional ownership; CONIFER MANAGEMENT, L.L.C., holding 5,209,971 shares of the stock with an approximate value of $9.74 million in GTT stocks shares; and NEUBERGER BERMAN GROUP LLC, currently with $8.98 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 37 institutional holders increased their position in GTT Communications Inc. [NYSE:GTT] by around 1,200,879 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 38,395,208 shares, according to the latest SEC report filing. GTT stock had 11 new institutional investments in for a total of 206,230 shares, while 19 institutional investors sold positions of 305,237 shares during the same period.

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