TeleCommunication Systems, Inc. (NASDAQ:TSYS) Acquires 13 New Patents, Up 9.64%

Posted by Chris Bell May 2, 2013 0 Comment 885 views


Northern, WI 05/02/2013 (GDPInsider) –  TeleCommunication Systems, Inc. (NASDAQ:TSYS) is up 9.64% having started the day’s trading at 2.00. The stock had a previous close of 2.12 and is trading with a range of 2.00 and 2.20. Volume is 144.59K which is below the average tdaing volume of 205.58K. TSYS is trading 21.48% below its 52-week high of 2.70 and 92.73% above its 52-week low of 1.10. TeleCommunication Systems, Inc. develops and delivers a range of communication technology solutions and has a strong presence in the mobile cloud computing services space. The company announced today (May  1, 2013) that it has received a total of  11 patents in the first quarter of 2013 and 2 in the last quarter of 2012, all coming from the U.S. Patent and Trademark Office (USPTO). In addition to these U.S. patents, the company also received one foreign patnet in 2012.

The new patents represent a strong step by TeleCommunication Systems, Inc. to develop products in wireless data, messaging, GIS/mapping and solid state drive technologies. President and CEO, Maurice Tose believes the granting of these patnets is an important step for the company. “These patents represent TCS’ ongoing commitment to creating and monetizing leading technologies in the areas of wireless communications, public safety, location-based services and ruggedized solid-state drives,” said Tose as part of the release.

The mobile messaging sector in particular looks set to have lots of activity in the coming years and the acquisition of patents is certainly an important step in helping TeleCommunication Systems, Inc. be competitive in this arena. TSYS is trading 2.78% below its 50-day simple moving average but up 3.82% on its 20-day simple moving average. The stock has a RSI of 53.94 and analysts have set a target price 3.50. The company has a market cap of $115.84 million with a forward P/E of 6.57. Sales in the last 5 years is up 27.59% and EPS Q/Q is up 659.28%.

Is TSYS a solid investment at these levels? Get exclusive data and trends here.

 

 

Disclosure:

WallStreetAnalyzed.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetAnalyzed.com website, for complete risks and disclosures.

 


About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

View all post by Chris Bell Visit author's website

Write Your Comment