Atea shares fall 3.1% as the IT group operates in Estonia

Atea ASA shares traded down 3.1% on Monday. The stock reached a low of C$17.00 and last traded at C$17.00, after a previous close of C$17.54. About 500 shares changed hands, 127% above the average daily volume of 220 shares.

The fifty-day simple moving average is C$17.77 and the 200-day simple moving average is C$16.98.

Atea is a Norway-based information technology infrastructure provider for businesses and public-sector organizations across the Nordic and Baltic regions. It delivers products and services for digital workplaces, data centers, cloud environments and enterprise IT operations, including computers and other hardware, software, networking equipment, cybersecurity solutions, data storage and communications technology. It also provides consulting, systems integration, lifecycle management, cloud services and managed services.

Atea operates through businesses in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia.