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Teligent Inc: New 52-Week Low Set Today (TLGT)

By David Diaz

Teligent Inc (NASDAQ:TLGT) traded today at a new 52-week low of $2.51. So far today approximately 77,000 shares have been exchanged, as compared to an average 30-day volume of 356,000 shares.

Teligent, Inc. manufactures and distributes pharmaceutical products. The Company offers creams, ointments, injections, and other medical products. Teligent markets its products in the United States.

In the past 52 weeks, shares of Teligent Inc have traded between the current low of $2.51 and a high of $9.54 and are now at $2.61. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.3%.

Teligent Inc has overhead space with shares priced $2.61, or 56.5% below the average consensus analyst price target of $6.00. The stock should find initial resistance at its 50-day moving average (MA) of $5.37 and further resistance at its 200-day MA of $7.15.

SmarTrend is monitoring the recent change of momentum in Teligent Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Teligent Inc in search of a potential trend change.

Keywords: 52 week high/lows teligent inc

Ticker(s): TLGT