Solium Capital (SUM) Rating Lowered to Tender at Laurentian

Solium Capital (TSE:SUM) was downgraded by research analysts at Laurentian from a “buy” rating to a “tender” rating in a report released on Monday. They presently have a C$19.15 target price on the stock, up from their previous target price of C$14.00. Laurentian’s target price indicates a potential upside of 0.29% from the company’s previous close.

A number of other brokerages have also recently issued reports on SUM. Haywood Securities raised their target price on shares of Solium Capital from C$15.50 to C$17.00 in a report on Thursday, November 8th. Canaccord Genuity lifted their price target on Solium Capital from C$14.00 to C$14.50 in a report on Wednesday, November 7th.

TSE SUM traded up C$5.74 during trading hours on Monday, reaching C$19.10. The company’s stock had a trading volume of 4,702,030 shares, compared to its average volume of 227,941. The company has a quick ratio of 4.09, a current ratio of 4.18 and a debt-to-equity ratio of 7.57. Solium Capital has a 52 week low of C$9.91 and a 52 week high of C$19.15. The stock has a market capitalization of $755.87 million and a P/E ratio of 389.69.

In other news, insider James Wulforst sold 14,400 shares of Solium Capital stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of C$12.21, for a total transaction of C$175,824.00.

About Solium Capital

Solium Capital Inc provides cloud-enabled services for administration, financial reporting, and compliance related to equity-based incentive plans in Canada, the United States, and internationally. The company offers Shareworks software platforms, such as Plan Admin that unifies various plans to get trusted data and timely reports; Shareworks Participant Experience, which provides a tool for participants to manage their equity plans; and Shareworks Forms Filing for achieving compliance with Section 16 SEC filing requirements.

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