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Notable News Spotlight: Anterix, (NASDAQ:ATEX)

Anterix, (NASDAQ:ATEX) changed 0.67% to recent value of $43.44. The stock transacted 83085 shares during most recent day however it has an average volume of 113.12K shares. It spotted trading -24.78% off 52-week high price. On the other end, the stock has been noted 47.86% away from the low price over the last 52-weeks.

On Sept. 2, 2020, Anterix, (NASDAQ:ATEX) revealed that effective as of ‘s Annual Meeting, three new members were added to its Board of Directors.

Rob Schwartz, Anterix’s President & CEO, Hamid Akhavan and Leslie B. Daniels bring decades of valuable experience in telecommunications, leadership and investing to the Anterix Board. The appointments come as the company capitalizes on the May FCC Report and Order and delivers transformative broadband to enable the modernization of critical utility and enterprise infrastructure. Mr. Schwartz, Mr. Akhavan and Mr. Daniels join five directors who were reappointed to the Board: Morgan O’Brien (Executive Chairman), Paul Saleh, Singleton B. McAllister, Greg Haller and Gregory Pratt.

I am happy that Rob, our recently-appointed CEO, has joined the Board. Since he joined the company in 2015, he has been instrumental in all that we have accomplished. I also am thrilled to welcome Hamid and Les, said Morgan O’Brien, Executive Chairman of Anterix. Their background and expertise will be integral as we move into Anterix’s commercialization phase.  We expect them to play a crucial role on the Board in guiding Anterix on our journey to help transform and modernize critical infrastructure with foundational 900 MHz private LTE broadband.

ATEX has a gross margin of -80.20%. Its earnings per share (EPS) expected to touch remained 20.40% for this year.

The company has 17.21M of outstanding shares and 15.70M shares were floated in the market. According to the most recent quarter its current ratio was 18.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -3.02% from the mean of 20 days, -1.94% from mean of 50 days SMA and performed -5.94% from mean of 200 days price. Company’s performance for the week was -2.97%, -2.60% for month and YTD performance remained 0.53%.

Cheyenne Cox is a news report covering multiple Market and economy News. She is creative and highly professional writer. Cheyenne holds a degree in communication and journalism and has also a Diploma in digital marketing. She belongs to south Africa who has also lived in Europe and is currently based in the US.

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