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.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/03/infosonics-corp-ifon-upgraded-by-valuengine-to-hold.html.

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.

Receive News & Stock Ratings for InfoSonics Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InfoSonics Corp and related stocks with our FREE daily email newsletter.