InfoSonics Corp (IFON) Releases Quarterly Earnings Results
InfoSonics Corp (NASDAQ:IFON) released its quarterly earnings results on Thursday. The communications equipment provider reported ($0.56) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. InfoSonics Corp had a negative return on equity of 27.85% and a negative net margin of 9.66%. The firm had revenue of $6.01 million for the quarter.
InfoSonics Corp (NASDAQ IFON) traded up $0.04 during trading on Friday, hitting $1.48. 39,348 shares of the company’s stock traded hands, compared to its average volume of 98,077. InfoSonics Corp has a one year low of $1.42 and a one year high of $5.20.
Separately, ValuEngine raised shares of InfoSonics Corp from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd.
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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