mdf commerce (TSE:MDF) Stock Price Crosses Below 200-Day Moving Average of $2.58

mdf commerce inc. (TSE:MDFGet Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.58 and traded as low as C$2.25. mdf commerce shares last traded at C$2.25, with a volume of 34,363 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MDF. National Bankshares decreased their target price on mdf commerce from C$3.00 to C$2.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 21st. Laurentian cut their price target on mdf commerce from C$9.00 to C$6.50 in a report on Tuesday, July 5th. Finally, BMO Capital Markets cut their price target on mdf commerce from C$4.00 to C$3.00 in a report on Monday, July 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$7.50.

mdf commerce Stock Performance

The company has a debt-to-equity ratio of 20.46, a current ratio of 0.81 and a quick ratio of 0.49. The stock has a market cap of C$98.93 million and a price-to-earnings ratio of -4.03. The firm has a fifty day moving average of C$1.88 and a 200 day moving average of C$2.58.

mdf commerce (TSE:MDFGet Rating) last posted its earnings results on Wednesday, June 29th. The company reported C($0.21) EPS for the quarter, missing analysts’ consensus estimates of C($0.08) by C($0.13). The business had revenue of C$29.95 million during the quarter, compared to the consensus estimate of C$33.45 million. As a group, sell-side analysts forecast that mdf commerce inc. will post -0.14 EPS for the current year.

mdf commerce Company Profile

(Get Rating)

mdf commerce inc., through its subsidiaries, provides software as a service (SaaS) solutions for consumers and businesses in Canada, the United States, Europe, China, and internationally. The company's SaaS solutions optimizes and accelerates commercial interactions between buyers and sellers. Its solutions include strategic sourcing, ecommerce, supply chain collaboration, and emarketplace.

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