Stock in News Spotlight: MER Telemanagement Solutions Ltd. (NASDAQ:MTSL)

Financial, Technology

Shares of MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) were transacted with a volume of 54197 shares in last trading period as compared to its average volume of 300.7K shares over last three months period. The stock price scored 4.54% and valued at $1.59.

MER Telemanagement Solutions Ltd. a Israel based Company, belongs to Technology sector and Diversified Communication Services industry. Shares of the company returned -0.62% during the last five trading days and it returned -6.47% in past 30 trading days. It changed -12.15% over recent three months. The stock has changed -33.75% in one year period and YTD Performance clocked at -24.64%.

MTS – Mer Telemanagement Solutions Ltd. (NASDAQ:MTSL), a global provider of telecommunications expense management (“TEM”) and enterprise mobility management (“EMM”) solutions, reported the closing of the investment by an institutional investor, of $1.5 million in the newly-created class of convertible preferred shares of the Company, at a price per preferred share of $1.14. The closing follows the approval of the Securities Purchase Agreement and the transactions contemplated thereby (the “SPA”) by the Company’s shareholders at the Company’s annual general meeting of shareholders held on October 28, 2018. The price per share was determined based on a 15% discount to the volume weighted average price of the Company’s ordinary shares for the three trading days preceding the signing of the term sheet with the institutional investor in June 2018.

The SPA includes a Greenshoe option for a future investment by the institutional investor of up to $1.5 million in the Company’s newly created preferred shares at a price per preferred share of $1.14 during the 12 months period following the closing date of the SPA.

In connection with the closing of the investment, two of the Company’s Board members, Mr. Roger Challen and Mr. Steven J. Glusband, resigned as Board members, and two new Board members were appointed, Mr. Scott Burell, who will also serve as a member of the Audit Committee and Compensation Committee of the Company’s Board of Directors and Mr. Isaac Onn.

For more information about the SPA and the newly appointed Board members, see the proxy statement furnished to the Securities and Exchange Commission as Exhibit 99.1 to a Form 6-K dated September 7, 2018.

The price moved ahead -3.36% from the mean of 20 days, -1.76% from 50 and separated -7.54% from 200 days average price. Its price volatility for a month is at 9.42% and for a week, volatility remained at 7.53%. It beta stands at 2.99. Company’s price to sales ratio for last 12 months was 0.79 while its price to book ratio for the most recent quarter was 4.3. Its Market Cap valued at $5.29M.

Cesar Melton is an author, journalist and CEO of mosttradedstocks.com, a leading stocks and markets website. He has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. He has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. Cesar has always been interested in the stock market and how it behaves.

As the dad of two children, he’s made saving money and investing for them a high priority. Over many years of investing, he has made some wise choices and he’s made many mistakes. But he’s learned from both. Mr. Cesar observations and experience give him the insight to stock market patterns and the investor behaviors that create them.

Email: Cesar@mosttradedstocks.com 

Leave a Reply