TD Securities Lowers WeCommerce (OTCMKTS:WECMF) Price Target to C$8.00

WeCommerce (OTCMKTS:WECMFGet Rating) had its price target reduced by analysts at TD Securities from C$16.00 to C$8.00 in a report released on Friday, The Fly reports.

Separately, Canaccord Genuity Group cut their price objective on WeCommerce from C$12.50 to C$10.00 and set a “buy” rating on the stock in a report on Wednesday, March 30th.

OTCMKTS WECMF traded down $0.06 on Friday, reaching $3.89. 6,350 shares of the company were exchanged, compared to its average volume of 4,092. The business’s fifty day moving average price is $5.81 and its 200 day moving average price is $8.12. WeCommerce has a fifty-two week low of $3.80 and a fifty-two week high of $13.32.

About WeCommerce (Get Rating)

WeCommerce Holdings Ltd. provides merchants with a suite of ecommerce software tools to start online store. The company focuses on building, acquiring, and investing in technology businesses operating in the Shopify partner ecosystem. It also engages in the software as a service, digital goods, and services businesses that build apps and themes and run agencies that support Shopify merchants.

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