Teligent (NASDAQ:TLGT) Share Price Passes Below Fifty Day Moving Average of $0.86

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Teligent, Inc. (NASDAQ:TLGT) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.86 and traded as low as $0.63. Teligent shares last traded at $0.64, with a volume of 5,477,176 shares trading hands.

The business’s 50-day simple moving average is $0.84 and its 200 day simple moving average is $0.79. The firm has a market capitalization of $13.55 million, a P/E ratio of -0.07 and a beta of 1.79.

An institutional investor recently bought a new position in Teligent stock. Silverback Asset Management LLC bought a new position in Teligent, Inc. (NASDAQ:TLGT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 35,998 shares of the company’s stock, valued at approximately $26,000. Silverback Asset Management LLC owned about 0.67% of Teligent as of its most recent filing with the Securities & Exchange Commission. 28.15% of the stock is currently owned by hedge funds and other institutional investors.

Teligent Company Profile (NASDAQ:TLGT)

Teligent, Inc, a specialty generic pharmaceutical company, develops, manufactures, markets, and sells generic topical, branded generic, and generic injectable pharmaceutical products in the United States and Canada. The company offers generic pharmaceutical products in topical, injectable, complex, and ophthalmic dosage forms.

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