CounterPath Corporation (CPAH) Upgraded to Hold by ValuEngine
CounterPath Corporation (NASDAQ:CPAH) (TSE:CCV) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
Separately, Zacks Investment Research downgraded CounterPath Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd.
CounterPath Corporation (CPAH) traded up 1.54% during mid-day trading on Tuesday, hitting $2.64. 12,323 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $2.20 and its 200-day moving average price is $2.27. CounterPath Corporation has a one year low of $1.75 and a one year high of $2.99. The stock’s market cap is $13.06 million.
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In other CounterPath Corporation news, CEO Donovan Jones purchased 11,368 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was purchased at an average cost of $2.20 per share, with a total value of $25,009.60. Following the completion of the acquisition, the chief executive officer now directly owns 71,935 shares of the company’s stock, valued at approximately $158,257. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Steven Bruk purchased 180,446 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was acquired at an average cost of $2.20 per share, with a total value of $396,981.20. Following the completion of the acquisition, the insider now directly owns 58,647 shares of the company’s stock, valued at $129,023.40. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 200,870 shares of company stock valued at $441,914. Corporate insiders own 37.10% of the company’s stock.
About CounterPath Corporation
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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