HELSINKI, Dec. 20, 2021 /PRNewswire/ -- Tecnotree Oyj, a
leading global telecom software and ecosystem provider from
Finland, will move to the Mid Cap
segment on Nasdaq Helsinki effective January
3, 2022. The change from Small Cap to Mid Cap is a result of
Nasdaq's annual review of the average market value in the Nordic
market segments. The Mid Cap segment includes companies with a
market capitalization between EUR 150
million and EUR 1 billion.
2021 has been another historical year for the company with
several accolades adding feather to its cap:
1. Came out of restructuring
2. Became debt-free
3. Achieved the highest quarterly revenue in the last 5 years
and the highest order book in 9 years in the Q3
"The promotion of Tecnotree shares to the Nasdaq Mid Cap
segment further strengths company's profile. With increased growth
prospects and improved financial results, this announcement is
another key milestone for Tecnotree. It has potential to attract
new investors including institutional players who focus on Mid Cap
segment." said Padma Ravichander, CEO of Tecnotree
Corporation
Contact Tecnotree at marketing@tecnotree.com to know
more.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/tecnotree/r/tecnotree-is-upgraded-to-nasdaq-helsinki-s-mid-cap-segment,c3475443
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