Minim (NASDAQ:FIEE) Stock Jumps 9.6% – What’s Next?

Minim, Inc. (NASDAQ:FIEE) shares rose 9.6% during mid-day trading on Wednesday. The stock traded as high as $3.29 and last traded at $3.0790. Approximately 3,843 shares changed hands during trading, a decline of 98% from the average daily volume of 167,633 shares. The stock had previously closed at $2.81.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Minim from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Minim Trading Up 9.6%

The firm has a market capitalization of $246,320.00, a price-to-earnings ratio of -0.58 and a beta of 1.81. The company has a fifty day moving average price of $3.62 and a two-hundred day moving average price of $4.99.

Minim (NASDAQ:FIEE) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.14 EPS for the quarter. Minim had a negative return on equity of 1,144.78% and a negative net margin of 105.18%. The firm had revenue of $4.83 million during the quarter.

About Minim

Minim, Inc is a technology company focused on connected-home and wireless networking solutions. Its business has centered on helping consumers and service providers manage home internet connectivity through hardware, software and cloud-based services.

The company has offered products including Motorola-branded cable modems, Wi-Fi routers and mesh networking equipment, along with the Minim mobile application. Its software tools are designed to support network monitoring, device management, security features and troubleshooting for residential users.

Minim has primarily served the consumer and broadband-service-provider markets, with a focus on North America.