Crexendo Inc (CXDO) CEO Purchases $29,267.42 in Stock

Crexendo Inc (OTCMKTS:CXDO) CEO Steven G. Mihaylo purchased 8,659 shares of the stock in a transaction dated Friday, May 10th. The shares were bought at an average cost of $3.38 per share, for a total transaction of $29,267.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of OTCMKTS:CXDO traded up $0.01 on Thursday, reaching $3.36. 300 shares of the company were exchanged, compared to its average volume of 4,944. The company has a quick ratio of 1.44, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. Crexendo Inc has a 1-year low of $1.50 and a 1-year high of $4.00. The stock has a market cap of $48.85 million, a PE ratio of 335.00 and a beta of 2.65.

Crexendo (OTCMKTS:CXDO) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.02 earnings per share for the quarter. Crexendo had a net margin of 0.63% and a return on equity of 7.25%. The business had revenue of $3.49 million for the quarter.

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About Crexendo

Crexendo, Inc provides unified communications cloud telecom, broadband Internet, and other cloud business services for businesses in North America and internationally. The company operates in two segments, Cloud Telecommunications and Web Services. The Cloud Telecommunications segment provides telecommunications services that transmit calls using IP or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud; and broadband Internet services.

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