Investment analysts at StockNews.com began coverage on shares of Synchronoss Technologies (NASDAQ:SNCR – Get Free Report) in a research report issued on Sunday. The brokerage set a “hold” rating on the software maker’s stock.
Synchronoss Technologies Stock Down 2.7 %
Shares of NASDAQ:SNCR opened at $0.56 on Friday. Synchronoss Technologies has a 1 year low of $0.30 and a 1 year high of $1.17. The company has a market capitalization of $52.18 million, a price-to-earnings ratio of -1.08 and a beta of 1.48. The business’s 50-day moving average is $0.67 and its 200-day moving average is $0.86. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.15 and a quick ratio of 1.15.
Insider Activity at Synchronoss Technologies
In related news, CEO Jeffrey George Miller acquired 160,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was purchased at an average cost of $0.48 per share, with a total value of $76,800.00. Following the acquisition, the chief executive officer now owns 1,430,101 shares of the company’s stock, valued at approximately $686,448.48. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder B. Riley Financial, Inc. acquired 544,972 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was purchased at an average cost of $0.45 per share, with a total value of $245,237.40. Following the acquisition, the insider now owns 2,025,471 shares of the company’s stock, valued at approximately $911,461.95. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey George Miller bought 160,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average price of $0.48 per share, for a total transaction of $76,800.00. Following the purchase, the chief executive officer now directly owns 1,430,101 shares in the company, valued at $686,448.48. The disclosure for this purchase can be found here. Insiders bought 829,780 shares of company stock valued at $380,583 in the last three months. Corporate insiders own 6.50% of the company’s stock.
Hedge Funds Weigh In On Synchronoss Technologies
About Synchronoss Technologies
Synchronoss Technologies, Inc provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's product EngageX, offers personal cloud, which helps in backup, manage, and engage with content; multi-channel messaging, peer-to-peer communications, and application-to-person commerce solutions; and email solutions.
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