National Securities upgraded shares of Sonim Technologies (NASDAQ:SONM) from a neutral rating to a buy rating in a research report released on Tuesday morning, Benzinga reports. National Securities currently has $17.00 price objective on the stock.
Several other equities analysts also recently issued reports on SONM. Lake Street Capital assumed coverage on shares of Sonim Technologies in a report on Tuesday, June 4th. They set a buy rating and a $19.00 price objective on the stock. CIBC assumed coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They issued an outperform rating and a $55.00 target price for the company. Finally, Oppenheimer assumed coverage on shares of Tilray in a research report on Tuesday, June 4th. They issued a market perform rating for the company.
SONM opened at $12.70 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.63 and a debt-to-equity ratio of 21.31. Sonim Technologies has a 52-week low of $9.66 and a 52-week high of $18.26. The firm’s fifty day moving average is $14.23.
In other Sonim Technologies news, Director John Kneuer bought 3,147 shares of Sonim Technologies stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of $16.98 per share, for a total transaction of $53,436.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Plaschke sold 30,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $10.23, for a total transaction of $306,900.00. The disclosure for this sale can be found here.
About Sonim Technologies
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; and cloud-based software and application services.
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