Market Watch: Telefonaktiebolaget L M Ericsson ADR (ERIC)’s Noteworthy Drop, Closing at 5.24

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As of close of business last night, Telefonaktiebolaget L M Ericsson ADR’s stock clocked out at $5.24, down -0.76% from its previous closing price of $5.28. In other words, the price has decreased by -$0.76 from its previous closing price. On the day, 14.99 million shares were traded. ERIC stock price reached its highest trading level at $5.27 during the session, while it also had its lowest trading level at $5.18.

Ratios:

To gain a deeper understanding of ERIC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.03. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.35.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ERIC now has a Market Capitalization of 17676353536 and an Enterprise Value of 23833188352. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 0.094 whereas that against EBITDA is 0.972.

Stock Price History:

Over the past 52 weeks, ERIC has reached a high of $6.36, while it has fallen to a 52-week low of $4.33. The 50-Day Moving Average of the stock is -2.15%, while the 200-Day Moving Average is calculated to be -0.14%.

Shares Statistics:

It appears that ERIC traded 17.98M shares on average per day over the past three months and 26421690 shares per day over the past ten days. A total of 3.07B shares are outstanding, with a floating share count of 3.07B. Insiders hold about 0.00% of the company’s shares, while institutions hold 8.74% stake in the company. Shares short for ERIC as of 1713139200 were 31371671 with a Short Ratio of 1.74, compared to 1710460800 on 31929403.

Dividends & Splits

With its trailing 12-month dividend rate of 2.7, ERIC has a forward annual dividend rate of 0.25. Against a Trailing Annual Dividend Yield of 0.5113636The stock’s 5-year Average Dividend Yield is 2.57.

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