The stock of Voltari Corp (NASDAQ:VLTC) hit a new 52-week low and has $2.18 target or 13.00% below today’s $2.50 share price. The 6 months bearish chart indicates high risk for the $22.14 million company. The 1-year low was reported on Oct, 7 by Barchart.com. If the $2.18 price target is reached, the company will be worth $2.88 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 19,668 shares traded hands. Voltari Corp (NASDAQ:VLTC) has declined 43.08% since March 4, 2016 and is downtrending. It has underperformed by 51.12% the S&P500.
Analysts await Voltari Corp (NASDAQ:VLTC) to report earnings on November, 11.
According to Zacks Investment Research, “Voltari Corporation offers mobile data service solutions through service platform. The Company provides mobile advertising, mobile marketing, mobile merchandising and predictive analytics solutions to mobile operators, consumer brands and advertising agencies. Voltari Corporation is headquartered in New York.”
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.20, from 1.2 in 2016Q1. The ratio worsened, as 1 funds sold all Voltari Corp shares owned while 6 reduced positions. 5 funds bought stakes while 2 increased positions. They now own 5.16 million shares or 1.03% more from 5.11 million shares in 2016Q1.
Royal Fincl Bank Of Canada last reported 0% of its portfolio in the stock. Wells Fargo Mn holds 0% of its portfolio in Voltari Corp (NASDAQ:VLTC) for 173 shares. Blackrock Advsrs Limited Company accumulated 0% or 1,272 shares. Financial Bank Of Montreal Can has 0% invested in the company for 10,000 shares. Financial Architects Incorporated reported 2,170 shares or 0% of all its holdings. Da Davidson And has 22 shares for 0% of their US portfolio. National Bank Of America De holds 0% of its portfolio in Voltari Corp (NASDAQ:VLTC) for 676 shares. Morgan Stanley holds 0% of its portfolio in Voltari Corp (NASDAQ:VLTC) for 1,376 shares. Blackrock Fund Advsrs accumulated 0% or 12,157 shares. Tower Capital Ltd Co (Trc), a New York-based fund reported 158 shares. Goldman Sachs Grp has 55,889 shares for 0% of their US portfolio. Manufacturers Life Insurance The last reported 54 shares in the company. Art Lc, a New York-based fund reported 27,041 shares. Financial Grp Inc Inc last reported 0% of its portfolio in the stock. Vanguard Gru accumulated 0% or 81,151 shares.
More news for Voltari Corp (NASDAQ:VLTC) were recently published by: Quotes.Wsj.com, which released: “News Voltari Corp.VLTC” on April 12, 2013. Investorplace.com‘s article titled: “How Carl Icahn Sent Voltari Stock Up Nearly 500% in April (VLTC)” and published on April 09, 2015 is yet another important article.
VLTC Company Profile
Voltari Corporation, incorporated on December 14, 2012, is engaged in the business of acquiring, financing and leasing commercial real properties. The Firm owns approximately one commercial real property in Long Branch, New Jersey, which it leases to JPMorgan Chase Bank, N.A. (Chase) pursuant to a triple net lease (the Long Branch Lease). The Firm intends to acquire additional properties primarily in the Northeast United States.
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