TheStreet downgraded shares of Tel-Instrument Electronics Corp. (NYSE:TIK) from a buy rating to a hold rating in a research note released on Friday morning, MarketBeat reports.

Shares of Tel-Instrument Electronics Corp. (NYSE:TIK) opened at 3.8715 on Friday. The firm’s 50-day moving average is $4.49 and its 200 day moving average is $4.82. Tel-Instrument Electronics Corp. has a 52-week low of $3.75 and a 52-week high of $6.65. The stock has a market capitalization of $12.61 million and a price-to-earnings ratio of 15.4860.

Tel-Instrument Electronics Corp. (NYSE:TIK) last issued its quarterly earnings results on Monday, November 16th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $6.80 million for the quarter, compared to analysts’ expectations of $3.59 million.

Tel-Instrument Electronics Corp. is a designer and manufacturer of avionics test and measurement instruments for the commercial air transport, general aviation, and Government/military aerospace and defense markets. The Company has two segments: Avionics Government and Avionics Commercial. The Company’s Avionics Government segment consists primarily of the design, manufacture and sale of test equipment to the United States and foreign Governments and militaries either directly or through distributors. The Company’s Avionics Commercial segment consists of design, manufacture and sale of test equipment to domestic and foreign airlines, directly or through commercial distributors, and to general aviation repair and maintenance shops. The Company provides instruments to test and measure, and calibrates and repairs a range of airborne navigation and communication equipment.

12 Month Chart for NYSE:TIK

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