Crexendo Inc (OTCMKTS:CXDO) CEO Acquires $53,298.00 in Stock

Crexendo Inc (OTCMKTS:CXDO) CEO Steven G. Mihaylo purchased 16,920 shares of Crexendo stock in a transaction that occurred on Thursday, July 11th. The shares were bought at an average cost of $3.15 per share, with a total value of $53,298.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of OTCMKTS CXDO opened at $3.30 on Friday. The company’s 50 day moving average is $3.29. Crexendo Inc has a 52 week low of $1.50 and a 52 week high of $4.00. The company has a quick ratio of 1.44, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $48.43 million, a PE ratio of 330.00 and a beta of 2.28.

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

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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