Otelco Inc. Income Deposit Secs Units Cons Stock Gaps Down On Today's Open (OTT)

NEW YORK ( TheStreet) -- Shares of Otelco Inc. Income Deposit Secs Units Cons (Nasdaq: OTT) were gapping down Monday morning with an open price 35.7% lower than Friday's closing price. The stock closed at $12.03 Friday and opened today's trading at $7.74.

The average volume for Otelco Inc. Income Deposit Secs Units Cons has been 75,600 shares per day over the past 30 days. Otelco Inc. Income Deposit Secs Units Cons has a market cap of $172.1 million and is part of the technology sector and telecommunications industry. Shares are down 13% year to date as of the close of trading on Friday.

Otelco Inc. provides a range of telecommunications services on a retail and wholesale basis.

TheStreet Ratings rates Otelco Inc. Income Deposit Secs Units Cons as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full Otelco Inc. Income Deposit Secs Units Cons Ratings Report.

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Otelco Inc. Income Deposit Secs Units Cons Stock Downgraded (OTT)