Sonim Technologies (NASDAQ:SONM) Shares Climb 2.4% – Time to Buy?

Sonim Technologies, Inc. (NASDAQ:SONM)’s stock price traded up 2.4% during mid-day trading on Monday. The company traded as high as $3.42 and last traded at $3.3490. Approximately 6,931 shares were traded during trading, a decline of 65% from the average daily volume of 19,790 shares. The stock had previously closed at $3.27.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Sonim Technologies from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

Sonim Technologies Stock Performance

The firm has a fifty day simple moving average of $3.51 and a 200-day simple moving average of $3.95. The company has a market capitalization of $4.99 million, a PE ratio of -0.42 and a beta of 1.70.

Sonim Technologies (NASDAQ:SONM) last posted its earnings results on Wednesday, August 19th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.22 by ($6.27).

About Sonim Technologies

Sonim Technologies, Inc develops and sells rugged mobile devices and accessories designed for workers and organizations operating in demanding environments. Its products are built to withstand exposure to water, dust, drops and extreme temperatures, and are intended for use in industries such as construction, manufacturing, transportation, utilities, public safety, government and healthcare.

The company’s product portfolio has included rugged smartphones, feature phones, broadband devices and related accessories, including protective cases, charging solutions, headsets and remote speaker microphones.