(VIANEWS) – Shares of Ericsson (NASDAQ: ERIC) dropped by a staggering 11.06% to $5.11 at 11:48 EST on Friday, after three consecutive sessions in a row of gains. NASDAQ is jumping 0.36% to $14,188.91, after four consecutive sessions in a row of gains. This seems, at the moment, a somewhat up trend trading session today.
Ericsson’s last close was $5.74, 26.5% below its 52-week high of $7.81.
About Ericsson
Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Cloud Software and Services, Enterprise, and Other. The Networks segment offers radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software. This segment also provides active antenna and transport solutions; and a range of service portfolio covering network deployment and support. The Cloud Software and Services segment offers core networks, business and operational support systems, network design and optimization, and network managed services. The Enterprise segment offers global communications platform including cloud-based unified communications as a service, contact center as a service, and communications platform as a service; enterprise wireless solutions comprise private wireless networks and wireless wan pre-packaged solutions; and technologies and new business solutions, such as mobile financial services, security solutions, and advertising services. The Other segment includes Redbee media that prepares and distributes live and video services for broadcasters, sports leagues, and communications service providers. It operates in North America, Europe and Latin America, the Middle East and Africa, South East Asia, Oceania, India, North East Asia, and internationally. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.
Earnings Per Share
As for profitability, Ericsson has a trailing twelve months EPS of $0.48.
PE Ratio
Ericsson has a trailing twelve months price to earnings ratio of 10.64. Meaning, the purchaser of the share is investing $10.64 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 15.08%.
Moving Average
Ericsson’s value is below its 50-day moving average of $5.27 and way below its 200-day moving average of $5.70.
Volume
Today’s last reported volume for Ericsson is 12825122 which is 42.02% above its average volume of 9030230.
Sales Growth
Ericsson’s sales growth is negative 3.4% for the present quarter and 0.5% for the next.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Ericsson’s stock is considered to be oversold (<=20).
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