CounterPath Corp. (NASDAQ:CPAH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

According to Zacks, “CounterPath, Corp. focuses on the design, development, marketing and sales of desktop and mobile application software, conferencing server software, gateway server software and related professional services, such as pre and post sales technical support and customization services. The Company’s software products are sold into the telecommunications sector, specifically the voice over Internet protocol, unified communications and fixed-mobile convergence markets. The company’s product suite includes SIP-based softphones, server applications and Fixed Mobile Convergence solutions that enable service providers, enterprises and Original Equipment Manufacturers to cost-effectively integrate voice, video, presence and Instant Messaging applications into their VoIP offerings and extend functionality across both fixed and mobile networks. This company is covered under both TSX and NYSE as V.CCV and CPAH respectively. “

Shares of CounterPath Corp. (NASDAQ:CPAH) traded down 1.90% during midday trading on Monday, hitting $2.06. 1,020 shares of the stock were exchanged. CounterPath Corp. has a 52-week low of $1.85 and a 52-week high of $5.25. The firm’s 50 day moving average price is $2.12 and its 200-day moving average price is $2.23. The stock’s market cap is $9.38 million.

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CounterPath Corp. (NASDAQ:CPAH) last issued its quarterly earnings results on Wednesday, September 14th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.16. CounterPath Corp. had a negative return on equity of 21.83% and a negative net margin of 16.56%. The firm earned $3 million during the quarter. On average, equities research analysts expect that CounterPath Corp. will post ($0.44) earnings per share for the current fiscal year.

About CounterPath Corp.

CounterPath Corporation designs, develops and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications (UC) services, including voice, video, messaging and collaboration functionality, over their Internet Protocol (IP)-based networks.

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