Sonic Foundry Upgraded by Zacks to “Outperform” (SOFO)
Sonic Foundry (NASDAQ:SOFO) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday, ARN reports. The firm currently has a $9.90 target price on the stock. Zacks‘ price objective suggests a potential upside of 5.43% from the company’s current price.
Sonic Foundry (NASDAQ:SOFO) traded up 0.11% on Thursday, hitting $9.40. 2,000 shares of the company’s stock traded hands. Sonic Foundry has a 52 week low of $5.67 and a 52 week high of $11.43. The stock’s 50-day moving average is $9.03 and its 200-day moving average is $8.60. The company’s market cap is $37.4 million.
Sonic Foundry, Inc (NASDAQ:SOFO) is engaged in Web communications technology, providing Webcasting, lecture capture and knowledge management solutions for higher education institutions, businesses and government agencies globally.
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