Sonim Technologies (NASDAQ:SONM) Shares Down 6%
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.
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.