CounterPath Corporation (NASDAQ:CPAH) (TSE:CCV) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $2.82 and last traded at $2.82, with a volume of 11,023 shares trading hands. The stock had previously closed at $2.60.

A number of equities research analysts have issued reports on CPAH shares. Zacks Investment Research downgraded CounterPath Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. ValuEngine upgraded CounterPath Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 1st.

The firm’s market cap is $13.90 million. The firm has a 50 day moving average of $2.16 and a 200 day moving average of $2.26.

In related news, major shareholder Steven Bruk acquired 180,446 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were purchased at an average cost of $2.20 per share, with a total value of $396,981.20. Following the completion of the transaction, the insider now owns 58,647 shares of the company’s stock, valued at approximately $129,023.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Donovan Jones acquired 11,368 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were bought at an average cost of $2.20 per share, for a total transaction of $25,009.60. Following the completion of the transaction, the chief executive officer now directly owns 71,935 shares of the company’s stock, valued at approximately $158,257. The disclosure for this purchase can be found here. Insiders have purchased 200,870 shares of company stock worth $441,914 over the last ninety days. 37.10% of the stock is currently owned by insiders.

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CounterPath Corporation Company Profile

CounterPath Corporation designs, develops and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications (UC) services, including voice, video, messaging and collaboration functionality, over their Internet Protocol (IP)-based networks.

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