ValuEngine Lowers Synacor (SYNC) to Sell
Synacor (NASDAQ:SYNC) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Monday.
Other research analysts also recently issued research reports about the stock. Canaccord Genuity decreased their price objective on shares of Synacor from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Synacor from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.00.
Synacor (SYNC) traded down $0.10 during trading hours on Monday, reaching $2.40. 76,183 shares of the company’s stock traded hands, compared to its average volume of 171,790. Synacor has a one year low of $1.96 and a one year high of $4.25. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.27 and a current ratio of 1.27.
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Synacor, Inc is a technology development, multiplatform services and revenue partner for video, Internet and communications providers, device manufacturers and enterprises. The Company enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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