Minim (NASDAQ:FIEE) Shares Climb 9.6% – Here’s Why

Minim, Inc. (NASDAQ:FIEE) shares shot up 9.6% on Wednesday. The company traded as high as $3.29 and last traded at $3.0790. 3,843 shares traded hands during trading, a decline of 98% from the average session volume of 167,633 shares. The stock had previously closed at $2.81.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Minim from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, September 25th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Minim Stock Performance

The company’s 50-day moving average price is $3.57 and its 200 day moving average price is $4.98. The stock has a market cap of $249,600.00, a PE ratio of -0.59 and a beta of 1.81.

Minim (NASDAQ:FIEE) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.14 earnings per share for the quarter. Minim had a negative return on equity of 1,144.78% and a negative net margin of 105.18%. The firm had revenue of $4.83 million for the quarter.

Minim Company Profile

Minim, Inc is a technology company focused on connected-home and wireless networking solutions. Its business has centered on helping consumers and service providers manage home internet connectivity through hardware, software and cloud-based services.

The company has offered products including Motorola-branded cable modems, Wi-Fi routers and mesh networking equipment, along with the Minim mobile application. Its software tools are designed to support network monitoring, device management, security features and troubleshooting for residential users.

Minim has primarily served the consumer and broadband-service-provider markets, with a focus on North America.