Teltronics Inc. (TELT) news stock charts
Teltronics Inc. (TELT/TELT.OB) Investment Summary:
Teltronics, Inc. engages in design, installation, development, manufacture, and marketing of electronic hardware and application software products primarily in the telecommunication industry. The company’s Intelligent Systems Management product line is designed to help service providers and enterprises reduce downtime for converged voice and data networks. Its Intelligent Service Level Management (iSLM) enables service providers and enterprises to proactively manage a range of environments, including traditional PBXs, IP telephony, IT infrastructure, and application performance. The company’s iSLM product line consists of centralized management system and IRISnGEN, as well as NET-PATH, VQPro...TELTRONICS INC (TELT:OTC Bulletin Board Market)
Snapshot of TELTRONICS INC (TELT)
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OPEN
$1.61
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PREVIOUS CLOSE
$1.65
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DAY HIGH
$1.65
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DAY LOW
$1.60
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52 WEEK HIGH
11/12/09 - $1.95
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52 WEEK LOW
03/23/09 - $0.03
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MARKET CAP
13.8M
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AVERAGE VOLUME 10 D
41.8K
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EPS TTM
$0.24
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SHARES OUTSTANDING
8.7M
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TELT Does Not Pay Dividends
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P/E TTM
6.7x
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| K = Thousands M = Millions B = Billions | ||
Key developments for TELTRONICS INC (TELT)
Teltronics Inc. announced the change in company bylaws regarding the issue of uncertificated shares of its common stock. This change makes trades easier &more convenient for stockholders by offering the choice to participate in the Direct Registration Systems (DRS) administered by The Depository Trust Company. The DRS allows stockholders to have registered shares of Teltronics stock without physical certificates. Shareholders can now quickly &easily transfer shares electronically to brokers without the movement of stock certificates. Using the DRS, eliminates the risk of loss, theft, destruction of certificates and the time and expense to replace a lost certificate.
On March 10, 2010, the Teltronics Inc. amended Sections 1, 4, 5 and 7 of Article V of its By-Laws to permit the issuance of uncertificated shares of its capital stock, under Section 158 of the Delaware General Corporation Law. That amendment is effective as of March 10, 2010. The By-Laws of the Corporation are amended in the following manner: FIRST, Section 1 of Article V of the By-Laws is hereby amended to read as follows: Section 1. - Certificates. The shares of stock of the Corporation shall be represented by certificates, or shall be un certificated shares that may be evidenced by a book-entry system maintained by the registrar of such stock, or a combination of both. To the extent that shares are represented by certificates, such certificates whenever authorized by the Board of Directors shall be in such form as shall be approved by the Board of Directors. SECOND, Section 4 of Article V of the By-Laws is hereby amended to read as follows: Section 4. - Stock Ledger. A record shall be kept by the Secretary, by the transfer agent, by the registrar or by any other officer, employee or agent designated by the Board of Directors, of the name of the individual, firm or corporation holding the shares of the stock of the Corporation, the number of shares so held, the date of issue thereof and, in case of cancellation, the date of cancellation thereof. THIRD, Section 5 of Article V of the By-Laws is hereby amended to read as follows: Section 5. - Transfer of Shares. Transfers of shares of stock of each class of the Corporation shall be made only on the books of the Corporation upon authorization by the registered holder thereof, or by such holder's attorney thereunto authorized by a power of attorney duly executed and filed with the Secretary or a transfer agent for such stock, if any, and if such shares are represented by a certificate, upon surrender of the certificate or certificates for such shares properly endorsed or accompanied by a duly executed stock transfer power (or by proper evidence of succession, assignment or authority to transfer) and the payment of any taxes thereon; provided, however, that the Corporation shall be entitled to recognize and enforce any lawful restriction on transfer. The person in whose name shares are registered on the books of the Corporation shall be deemed the owner thereof for all purposes as regards the Corporation; provided, however, that whenever any transfer of shares shall be made for collateral security and not absolutely, and written notice thereof shall be given to the Secretary or to such transfer agent, such fact shall be stated in the entry of the transfer. No transfer of shares shall be valid as against the Corporation, its stockholders and creditors for any purpose, except to render the transferee liable for the debts of the Corporation to the extent provided by law, until it shall have been entered in the stock records of the Corporation by an entry showing from and to whom transferred. FOURTH, Section 7 of Article V of the By-Laws is hereby amended to read as follows: Section 7. - Regulations. The Board of Directors may make such rules and regulations as it may deem expedient, not inconsistent with law, the certificate of incorporation or these by-laws, concerning the issue, transfer and registration of certificated or un certificated shares of the stock of the Corporation. It may appoint, or authorize any officer or officers to appoint, one or more transfer clerks or one or more transfer agents or one or more registrars. FIFTH, except as expressly amended by this Amendment, the By-Laws of the Corporation shall remain in full force and effect without amendment, modification or waiver of any kind.
Teltronics Inc. announced the relocation of its headquarters from Sarasota, FL, to a modern facility in Palmetto, FL, which is approximately 20 miles further north. The new headquarters facility is comprised of 21,520 square-feet office space and 30,000 square-feet manufacturing space.
Teltronics Inc. financial resources
TELT Competitors
| Company | Last | Change |
| BMC Software Inc | $39.35 USD | +0.13 |
| Cisco Systems Inc | $26.15 USD | -0.19 |
| Hewlett-Packard Co | $52.49 USD | -0.24 |
| International Business Machines Corp | $127.71 USD | -0.67 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | TELT | Industry Range |
| Price/Earnings | 7.0x |
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| Price/Sales | 0.3x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | 3.8x |
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| TEV/Sales | 0.0x |
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TELT |
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TELT transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Teltronics Inc.
Teltronics Amends Bylaws to Ease Stock Transfers
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TELTRONICS INC Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
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Teltronics Announces Third Quarter Results
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Teltronics, Inc. Upgrades to a State-of-the-Art Facility
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Teltronics, Inc. Passes Annual ISO 9001:2008 Full Re-Assessment Audit for the Eighth Consecutive Year
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Teltronics, Inc. Upgrades to a State-of-the-Art Facility
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Staying in Manatee, Teltronics shifts operations to Palmetto
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TELTRONICS INC Files SEC form 10-Q, Quarterly Report
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Teltronics, Inc. Collaborates With REACT Systems, Inc. to Provide a Complete Mass Notification Solution to Strategic Partners
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TELTRONICS INC Files SEC form 10-Q, Quarterly Report
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TELTRONICS INC Files SEC form 10-Q, Quarterly Report
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TELTRONICS INC Files SEC form 10-K, Annual Report
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Revenue, profit soars for Teltronics with boost from 20-20
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Teltronics Announces Third Quarter Results
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Teltronics, Inc. Passes Annual ISO 9001:2008 Full Re-Assessment Audit for the Eighth Consecutive Year
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TELTRONICS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
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