Mitel Networks (TSE:MNW) Stock Price Crosses Above 50 Day Moving Average of $14.78

Mitel Networks Co. (TSE:MNWGet Rating) (NASDAQ:MITL)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$14.78 and traded as high as C$14.86. Mitel Networks shares last traded at C$14.78, with a volume of 408,390 shares trading hands.

Mitel Networks Price Performance

The company’s fifty day moving average is C$14.78. The company has a debt-to-equity ratio of 121.14, a current ratio of 0.94 and a quick ratio of 0.69. The company has a market cap of C$1.82 billion and a price-to-earnings ratio of -128.52.

About Mitel Networks

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Mitel Networks Corporation provides cloud and on-site business communications and collaboration software, services, and solutions. It operates in two segments, Enterprise and Cloud. The Enterprise segment sells and supports products and services for premise-based customers, including its premise-based IP and TDM telephony platforms; desktop devices, and unified communications and collaborations (UCC); and contact center applications that are deployed on the customer's premise under the MiVoice brand.

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