BidaskClub cut shares of Straight Path Communications Inc (NYSEMKT:STRP) from a hold rating to a sell rating in a research note released on Tuesday morning.

Straight Path Communications (NYSEMKT:STRP) opened at 181.26 on Tuesday. The stock’s 50 day moving average is $179.77 and its 200 day moving average is $156.67. Straight Path Communications has a 12-month low of $21.85 and a 12-month high of $235.88. The company’s market cap is $2.30 billion.

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Straight Path Communications Company Profile

Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.

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