CounterPath Corporation (CPAH) Downgraded to “Sell” at ValuEngine
CounterPath Corporation (NASDAQ:CPAH) (TSE:CCV) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.
Separately, Zacks Investment Research lowered CounterPath Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th.
CounterPath Corporation (NASDAQ:CPAH) traded up 5.3346% during midday trading on Friday, hitting $2.7071. The company had a trading volume of 512 shares. The firm’s market cap is $13.39 million. The stock has a 50 day moving average of $2.54 and a 200 day moving average of $2.29. CounterPath Corporation has a 52-week low of $1.75 and a 52-week high of $2.99.
In related news, major shareholder Steven Bruk acquired 180,446 shares of the business’s stock in a transaction on Thursday, July 20th. The shares were bought at an average cost of $2.20 per share, with a total value of $396,981.20. Following the completion of the transaction, the insider now directly owns 58,647 shares of the company’s stock, valued at approximately $129,023.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Donovan Jones acquired 11,368 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was bought at an average cost of $2.20 per share, for a total transaction of $25,009.60. Following the completion of the transaction, the chief executive officer now directly owns 71,935 shares of the company’s stock, valued at $158,257. The disclosure for this purchase can be found here. Insiders acquired 200,870 shares of company stock worth $441,914 over the last three months. 38.30% of the stock is currently owned by corporate insiders.
About CounterPath Corporation
CounterPath Corporation designs, develops and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications (UC) services, including voice, video, messaging and collaboration functionality, over their Internet Protocol (IP)-based networks.
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