Cormark lowered shares of Datawind Inc (TSE:DW) from a buy rating to a market perform rating in a research note published on Thursday morning.

Several other research firms have also recently commented on DW. Canaccord Genuity lowered their target price on shares of Datawind from C$4.50 to C$0.75 and set a sell rating for the company in a research note on Tuesday. Haywood Securities reaffirmed a buy rating and issued a C$4.50 target price on shares of Datawind in a research note on Wednesday, September 7th.

Shares of Datawind (TSE:DW) opened at 1.23 on Thursday. The stock has a 50 day moving average price of $1.23 and a 200 day moving average price of $1.38. The firm’s market capitalization is $29.06 million. Datawind has a 52 week low of $0.90 and a 52 week high of $2.45.

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Datawind Company Profile

DataWind Inc (DataWind) is a Canada-based provider of Internet connectivity for the emerging markets. The Company’s Internet Delivery Platform offers a low-cost Internet connectivity solution by bundling a tablet device with an Internet browsing second-generation (2G) service plan. DataWind offers eight models of its tablet device, the UbiSlate, and three models of its smartphone device, the PocketSurfer.

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