Stock News Summary: Pareteum Corporation (NASDAQ:TEUM)


Pareteum Corporation (NASDAQ:TEUM), holds 98.47 million shares outstanding and 92.2 million shares are floated in market. The company revealed recent move of 1.00% to $2.03.  Around 1106171 shares traded in most recent trading session compared to an average volume of 1162.53K. The stock changed with return -8.56% over last weekly period.

Pareteum Corporation (NASDAQ:TEUM), a cloud software platform company, reported that Robert L. Lippert, a financial economist with a 20-plus year track record consulting corporations and academia in finance and strategy, has been appointed to its board of directors. Dr. Lippert will serve as an independent director and will chair the audit committee of the board of directors.

Lippert joins Yves Van Sante and Luis Jimenez-Tuñon as an independent director; together with Hal Turner, they form the Pareteum Board of Directors. Laura Thomas, former independent director of Pareteum, has joined the company as vice president of corporate development.

“Pareteum is at a pivotal point, expanding into new markets and leadership as a global software platform and communications company,” said Pareteum’s Executive Chairman and Principal Executive Officer Hal Turner. “Rob’s strategy, finance and business acumen will materially contribute to Pareteum’s mission and our successful strategic plan execution.”

Lippert commented, “I’m pleased to be joining the Pareteum Board of Directors at such a positive point in the company’s journey towards sustainable success. Pareteum’s recent performance positions the company for an abundance of opportunities to serve shareholders and the needs of its stakeholders around the world.”

The monthly performance of stock was observed at -20.08%. TEUM’s shares are moving at -21.01% for the quarter and managed a 144.58% return over the course of the past year and is now at -1.93% since this point in 2018.

Its quarter to quarter sales remained 87.50% and sales observed at -14.20% over past 5 years. The stock beta value is 0.08. TEUM stock changed at -19.67% distance from its 200-day moving average. On a similar note, the stock marked distance of -19.82% from its 50-day moving average and moved -7.24% away from its 20-day moving average. The average volatility for the week and month was at 7.74% and 6.54% respectively.

Gabriel Smith joined the, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Wayne is the Senior Editor for and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.


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