Mobivity (OTCMKTS:MFON) Downgraded by ValuEngine

ValuEngine cut shares of Mobivity (OTCMKTS:MFON) from a buy rating to a hold rating in a research report report published on Wednesday, ValuEngine reports.

Shares of MFON opened at $0.98 on Wednesday. Mobivity has a 1 year low of $0.71 and a 1 year high of $1.90. The stock has a 50 day simple moving average of $0.96 and a 200-day simple moving average of $0.99.

Mobivity (OTCMKTS:MFON) last issued its earnings results on Wednesday, August 14th. The technology company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $2.44 million during the quarter. Mobivity had a negative return on equity of 423.58% and a negative net margin of 75.10%.

About Mobivity

Mobivity Holdings Corp. develops and operates proprietary platforms to conduct national and localized, and data-driven marketing campaigns in the United States. Its platforms consist of software for phones, tablets, PCs, and point-of-sale systems, which enable resellers, brands, and enterprises to market their products and services to consumers through text messages sent directly to the consumers via mobile phones, mobile smartphone applications, and dynamically printed receipt content.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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