Sonim Technologies, Inc. (NASDAQ:SONM – Get Free Report)’s share price traded up 1.3% during mid-day trading on Wednesday . The company traded as high as $5.05 and last traded at $4.86. 21,324 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 25,172 shares. The stock had previously closed at $4.80.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sonim Technologies in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.
Sonim Technologies Trading Up 0.9%
Sonim Technologies (NASDAQ:SONM – Get Free Report) last released its earnings results on Wednesday, April 15th. The company reported ($9.44) EPS for the quarter.
Institutional Trading of Sonim Technologies
A hedge fund recently bought a new stake in Sonim Technologies stock. Potomac Capital Management Inc. bought a new position in Sonim Technologies, Inc. (NASDAQ:SONM – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 48,000 shares of the company’s stock, valued at approximately $151,000. Potomac Capital Management Inc. owned approximately 4.66% of Sonim Technologies as of its most recent SEC filing. 3.26% of the stock is owned by institutional investors.
About Sonim Technologies
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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