Sonim Technologies (NASDAQ:SONM – Get Free Report) posted its earnings results on Wednesday. The company reported ($3.11) earnings per share for the quarter, missing analysts’ consensus estimates of $5.04 by ($8.15), Zacks reports.
Sonim Technologies Stock Up 4.2%
Shares of NASDAQ SONM opened at $4.48 on Thursday. The firm has a market cap of $6.68 million, a PE ratio of -0.33 and a beta of 1.93. Sonim Technologies has a 12-month low of $2.52 and a 12-month high of $38.52. The company’s fifty day simple moving average is $3.97 and its 200 day simple moving average is $5.29.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sonim Technologies in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.
Institutional Investors Weigh In On Sonim Technologies
A hedge fund recently bought a new stake in Sonim Technologies stock. XTX Topco Ltd purchased a new position in shares of Sonim Technologies, Inc. (NASDAQ:SONM – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,614 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned about 0.14% of Sonim Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 3.26% of the company’s stock.
Sonim Technologies Company Profile
Sonim Technologies, Inc (NASDAQ: SONM) is a specialty device manufacturer focused on mission-critical communications. The company designs, develops and markets ultra-rugged mobile handsets, push-to-talk (PTT) devices, accessories and supporting software platforms for customers operating in the most demanding environments. Sonim’s product line emphasizes durability, extended battery life and secure connectivity, tailored to industries where reliable voice and data services are essential.
At the core of Sonim’s offering are its hardened smartphones and PTT devices, engineered to meet or exceed military- and industrial-grade specifications for shock, water, dust and temperature resistance.
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