InfoSonics Corp (IFON) Upgraded by ValuEngine to Hold
ValuEngine upgraded shares of InfoSonics Corp (NASDAQ:IFON) from a sell rating to a hold rating in a report released on Monday morning.
InfoSonics Corp (IFON) traded up 1.7489% during mid-day trading on Monday, reaching $0.3898. The company had a trading volume of 9,549 shares. InfoSonics Corp has a 12 month low of $0.33 and a 12 month high of $1.04. The stock’s 50-day moving average is $0.38 and its 200 day moving average is $0.46. The firm’s market capitalization is $6.58 million.
InfoSonics Corp (NASDAQ:IFON) last announced its earnings results on Thursday, August 10th. The communications equipment provider reported ($0.06) EPS for the quarter. InfoSonics Corp had a negative return on equity of 27.85% and a negative net margin of 9.66%. The business had revenue of $5.30 million for the quarter. On average, analysts predict that InfoSonics Corp will post $0.22 earnings per share for the current fiscal year.
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InfoSonics Corp Company Profile
InfoSonics Corporation is a provider of wireless handsets (phones, cell phones, mobile phones, feature phones and smartphones), tablets and accessories to carriers and distributors in Latin America and the United States. The Company defines, sources and sells a line of products under the verykool brand.
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