Burish Mark D Has Stake in Sonic Foundry Inc (SOFO)
Burish Mark D
revealed that they own 9.4% of Sonic Foundry Inc (NASDAQ:SOFO) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Thursday, January 25th. The investor owns 423,792 shares of the stock valued at approximately $995,911. The filing is available through the SEC website at this hyperlink.
provided the following explanation of their ownership:
Shares of Sonic Foundry Inc (SOFO) traded down $0.04 during trading hours on Thursday, hitting $2.35. 2,315 shares of the company traded hands, compared to its average volume of 8,660. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.20. The stock has a market cap of $10.61, a P/E ratio of -2.04 and a beta of -0.65. Sonic Foundry Inc has a fifty-two week low of $2.05 and a fifty-two week high of $5.35.
Separately, ValuEngine upgraded shares of Sonic Foundry from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.
Sonic Foundry Profile
Sonic Foundry, Inc is engaged in the business of providing enterprise solutions and services for the Web communications market. The Company is engaged in offering video capture, management and Webcasting solutions in education, business and government. Using its Mediasite Webcasting platform and Webcast services of the Company’s events team, the Company allows its customers to share knowledge online, using video Webcasts to bridge time and distance, and develop learning outcomes.
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