Telenav Reaches New 52-Week High (TNAV)

NEW YORK ( TheStreet) -- Telenav (Nasdaq: TNAV) hit a new 52-week high Tuesday as it is currently trading at $21.53, above its previous 52-week high of $21.50 with 184,270 shares traded as of 2:57 p.m. ET. Average volume has been 325,800 shares over the past 30 days.

Telenav has a market cap of $866.4 million and is part of the technology sector and telecommunications industry. Shares are up 172.4% year to date as of the close of trading on Monday.

TeleNav, Inc. provides location based services (LBS) for consumers and enterprises in the United States and internationally. The company has a P/E ratio of 20.8, below the average telecommunications industry P/E ratio of 27.4 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Telenav as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Telenav Ratings Report.

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