Carmanah Technologies Rating Lowered to Hold at Salman Partners (CMH)
Carmanah Technologies (TSE:CMH) was downgraded by Salman Partners from a “speculative buy” rating to a “hold” rating in a research note issued on Thursday, Analyst Ratings.Net reports.
Carmanah Technologies (TSE:CMH) traded down 8.82% during mid-day trading on Thursday, hitting $0.155. 87,650 shares of the company’s stock traded hands. Carmanah Technologies has a 52 week low of $0.17 and a 52 week high of $0.36. The stock’s 50-day moving average is $0.22 and its 200-day moving average is $0.26. The company’s market cap is $7.8 million.
Separately, analysts at Canaccord Genuity downgraded shares of Carmanah Technologies (TSE:CMH) from a “speculative buy” rating to a “hold” rating in a research note to investors on Friday, August 16th. They now have a C$0.40 price target on the stock, down previously from C$0.55.
Carmanah Technologies Corporation (TSE:CMH) designs, develops and distributes self-contained solar powered light emitting diode (LED) lighting solutions.
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