Weiss Ratings Reiterates “Sell (E+)” Rating for Sonim Technologies (NASDAQ:SONM)

Sonim Technologies (NASDAQ:SONM)‘s stock had its “sell (e+)” rating restated by investment analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Sonim Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Sonim Technologies Trading Up 0.4%

Shares of SONM stock opened at $0.70 on Friday. The stock has a market capitalization of $12.52 million, a P/E ratio of -0.67 and a beta of 1.89. The firm’s 50 day moving average is $11.68 and its 200 day moving average is $16.42. Sonim Technologies has a 12 month low of $0.52 and a 12 month high of $6.38.

Sonim Technologies (NASDAQ:SONM) last announced its quarterly earnings results on Friday, August 8th. The company reported ($10.98) EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($11.70). Sonim Technologies had a negative net margin of 53.77% and a negative return on equity of 1,627.75%. The business had revenue of $11.19 million for the quarter, compared to analysts’ expectations of $29.17 million. On average, equities analysts predict that Sonim Technologies will post -2.34 EPS for the current year.

Institutional Trading of Sonim Technologies

An institutional investor recently bought a new position in Sonim Technologies stock. XTX Topco Ltd acquired a new stake in shares of Sonim Technologies, Inc. (NASDAQ:SONM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 24,614 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned approximately 0.14% of Sonim Technologies as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Sonim Technologies Company Profile

Sonim Technologies, Inc provides ruggedized mobile phones and accessories for task workers. The company offers ruggedized mobile phones, such as Sonim XP10, Sonim XP5plus, Sonim XP3plus, and Sonim XP Pro; Sonim mobile hotspot; industrial-grade accessories. It sells its mobile phones and accessories primarily to wireless carriers in the United States and Canada; and sells wireless carrier channels through distribution channels in North America and Europe.