Sonim Technologies, Inc. (NASDAQ:SONM) shares fell 6% during mid-day trading on Tuesday . The company traded as low as $0.96 and last traded at $1.09. 2,269,988 shares traded hands during trading, a decline of 35% from the average session volume of 3,480,597 shares. The stock had previously closed at $1.16.

A number of research firms have issued reports on SONM. B. Riley reissued a “buy” rating on shares of Sonim Technologies in a research report on Wednesday, December 16th. Zacks Investment Research lowered shares of Sonim Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, February 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $2.06.

The company has a current ratio of 2.20, a quick ratio of 1.70 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $72.12 million, a PE ratio of -0.96 and a beta of 3.72. The firm’s fifty day moving average price is $0.99 and its two-hundred day moving average price is $0.78.

Several large investors have recently bought and sold shares of SONM. Jane Street Group LLC increased its holdings in shares of Sonim Technologies by 27.6% during the 3rd quarter. Jane Street Group LLC now owns 84,805 shares of the company’s stock valued at $66,000 after purchasing an additional 18,329 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Sonim Technologies by 6.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 255,670 shares of the company’s stock valued at $185,000 after purchasing an additional 15,670 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Sonim Technologies during the 3rd quarter valued at approximately $312,000. Worth Venture Partners LLC increased its holdings in shares of Sonim Technologies by 17.6% during the 3rd quarter. Worth Venture Partners LLC now owns 543,769 shares of the company’s stock valued at $422,000 after purchasing an additional 81,571 shares in the last quarter. Finally, Perkins Capital Management Inc. purchased a new position in shares of Sonim Technologies during the 3rd quarter valued at approximately $466,000. 48.02% of the stock is owned by hedge funds and other institutional investors.

Sonim Technologies Company Profile (NASDAQ:SONM)

Sonim Technologies, Inc provides ruggedized mobile phones and accessories for task workers. It offers ruggedized mobile phones, such as Sonim XP8, Sonim XP5s, and Sonim XP3 based on the Android platform that are capable of attaching to public and private wireless networks; industrial-grade accessories, including remote speaker microphones, multi-bay charging accessories, and in-vehicle hands-free voice communications solutions; cloud-based software and application services; and Rapid Deployment Kit, a portable communications system.

Featured Story: Dividend

Receive News & Ratings for Sonim Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonim Technologies and related companies with MarketBeat.com's FREE daily email newsletter.