CounterPath, Corp. (NASDAQ:CPAH) (TSE:CCV)’s share price shot up 14.3% during mid-day trading on Thursday . The stock traded as high as $6.39 and last traded at $5.98. 548,549 shares changed hands during trading, an increase of 59% from the average session volume of 344,369 shares. The stock had previously closed at $5.23.
CPAH has been the topic of a number of recent research reports. ValuEngine cut CounterPath from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded CounterPath from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a report on Monday, December 18th.
The stock has a market capitalization of $28.68, a price-to-earnings ratio of -11.73 and a beta of -0.80.
CounterPath Corporation designs, develops and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications (UC) services, including voice, video, messaging and collaboration functionality, over their Internet Protocol (IP)-based networks.
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