Sonic Foundry Lowered to Underperform at Zacks (SOFO)
Sonic Foundry (NASDAQ:SOFO) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday. They currently have a $10.10 price objective on the stock. Zacks‘s target price indicates a potential downside of 4.72% from the stock’s previous close.
Sonic Foundry (NASDAQ:SOFO) remained flat at $10.60 during trading on Tuesday. The stock had a trading volume of 1,018 shares. Sonic Foundry has a 52-week low of $8.20 and a 52-week high of $12.70. The stock’s 50-day moving average is $10.68 and its 200-day moving average is $10.45. The company’s market cap is $45.0 million.
Sonic Foundry (NASDAQ:SOFO) last released its earnings data on Wednesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.13. Analysts expect that Sonic Foundry will post $-0.19 EPS for the current fiscal year.
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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