StockNews.com lowered shares of Synchronoss Technologies (NASDAQ:SNCR – Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday.
Synchronoss Technologies Price Performance
Shares of NASDAQ:SNCR traded down $0.11 during trading on Friday, hitting $11.79. 64,274 shares of the stock were exchanged, compared to its average volume of 73,534. The company has a market cap of $127.21 million, a PE ratio of -2.34 and a beta of 1.92. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 6.02. The company has a fifty day moving average price of $9.51 and a two-hundred day moving average price of $8.82. Synchronoss Technologies has a 12-month low of $2.70 and a 12-month high of $13.97.
Insiders Place Their Bets
In other news, major shareholder B. Riley Financial, Inc. sold 61,690 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $11.73, for a total value of $723,623.70. Following the sale, the insider now directly owns 1,168,217 shares in the company, valued at $13,703,185.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 150,543 shares of company stock valued at $1,741,787. Corporate insiders own 17.90% of the company’s stock.
Institutional Inflows and Outflows
Synchronoss Technologies Company Profile
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 offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content.
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