Watch List Stock News: Switch (NYSE:SWCH)

Switch (NYSE:SWCH) is now trading -18.86% off 52-week high price. On the other end, the stock has been noted 57.48% away from the low price over the last 52-weeks. The stock changed 1.44% to recent value of $16.22. The stock transacted 1217564 shares during most recent day however it has an average volume of 1.48M shares. The company has 104.99M of outstanding shares and 81.23M shares were floated in the market.

On Oct. 8, 2020, Switch (NYSE:SWCH) the global technology infrastructure corporation, reported the appointment of Liane Pelletier to its Board of Directors, effective November 4, 2020. Ms. Pelletier brings over 25 years of leadership experience in the telecom industry and over 17 years in corporate governance.

Prior to joining the Switch Board of Directors, Ms. Pelletier’s operating career in telecom centered in both Fortune 500 and smaller firms including CEO, President and Chairman of Alaska Communications, followed by a long career at Sprint in several executive positions. In 2017, she earned a professional certificate in cyber security from Carnegie Mellon’s Software Engineering Institute/NACD.

I am pleased to have Liane, a well-respected leader who brings over 25 years in telecom and related enterprise services as well as tremendous experience in cyber security, cloud services and mobile technology, join our Board of Directors, said Switch Founder and CEO Rob Roy. Liane’s addition to our expanded Board aligns with our company focus on continued strategic corporate governance as well as on-going diversity within our organization.

Its earnings per share (EPS) expected to touch remained 20.40% for this year while earning per share for the next 5-years is expected to reach at 35.56%. SWCH has a gross margin of 47.30% and an operating margin of 17.40% while its profit margin remained 2.20% for the last 12 months.

According to the most recent quarter its current ratio was 0.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.80% from the mean of 20 days, -1.66% from mean of 50 days SMA and performed -1.79% from mean of 200 days price. Company’s performance for the week was 4.65%, 4.65% for month and YTD performance remained 9.45%.


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