Notable News to Watch: Pareteum Corporation (NASDAQ:TEUM)

Pareteum Corporation (NASDAQ:TEUM) stock observed trading -67.28% off 52-week high price. On the other end, the stock has been noted 33.79% away from low price over the last 52-weeks. The stock disclosed a move of -33.56% away from 50 day moving average and -39.47% away from 200 day moving average. Moving closer, we can see that shares have been trading -27.81% off 20-day moving average. It has market cap of $223M.

On Sept. 05, 2019, Pareteum Corporation (NASDAQ:TEUM) the rapidly growing cloud communications platform company, reported that Beam Suntory, a world leader in premium spirits, has expanded its deployment of the Pareteum Experience Cloud ᵀᴹ.

Beam Suntory leverages the Experience Cloud to deliver secure, Wi-Fi connectivity to members of its workforce using the platform’s 65 million hotspots worldwide. The widened deployment will see the company extend service to its global workforce, offering greater employee flexibility, a seamless user experience, and enhanced productivity in the air and on the ground.access to a rich portfolio of enterprise communications, IoT, and end-user engagement capabilities to support future communications initiatives. These include A2P messaging, location-based consumer engagement, and connectivity-based consumer-loyalty solutions.

Pareteum Experience Cloud, a single source for the creation, delivery and rapid scaling of a multitude of API-driven communications experiences, delivers an unrivaled combination of mobility, engagement, analytics, and intelligence services.

As a world leader in premium spirits, Beam Suntory’s mission is to inspire human connections, said Allison Radecki, Chief Information Officer at Beam Suntory. Extending our deployment of Pareteum Experience Cloud promotes global join-up across our business, and helps ensure we stay connected to vital data, applications, and our customers.

We are delighted to be strengthening our relationship with Beam Suntory, another of our valued customers, said Hal Turner, Founder, Chairman, and CEO of Pareteum. Beam Suntory is a shining example of a progressive enterprise brand that is leveraging the power of cloud-based communications to delight their customers and employees. We are pleased to serve as their innovation partner in the future development of cutting-edge mobile and digital services.

 The USA based company Pareteum Corporation moved with change of 13.45% to $1.94 with the total traded volume of 7261055 shares in recent session versus to an average volume of 4440.66K. The stock was observed in the 5 days activity at -14.54%. The one month performance of stock was -46.99%. TEUM’s shares are at -43.11% for the quarter and driving a -29.96% return over the course of the past year and is now at 14.79% since this point in 2018.  Right now the stock beta is 1.03. The average volatility for the week and month was at 14.44% and 11.19% respectively. There are 114.95M shares outstanding and 108.92M shares are floated in market.

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