Sonim Technologies (NASDAQ:SONM) Issues Earnings Results

Sonim Technologies (NASDAQ:SONM) issued its quarterly earnings data on Wednesday. The company reported ($3.11) EPS for the quarter, missing analysts’ consensus estimates of $5.04 by ($8.15), Zacks reports.

Sonim Technologies Stock Performance

Shares of Sonim Technologies stock opened at $3.94 on Friday. The firm has a market cap of $5.87 million, a PE ratio of -0.29 and a beta of 1.93. The firm’s 50-day simple moving average is $3.97 and its 200-day simple moving average is $5.24. Sonim Technologies has a 1 year low of $2.52 and a 1 year high of $38.52.

Institutional Investors Weigh In On Sonim Technologies

A hedge fund recently bought a new stake in Sonim Technologies stock. XTX Topco Ltd bought a new stake in Sonim Technologies, Inc. (NASDAQ:SONM) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 24,614 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned approximately 0.14% of Sonim Technologies as of its most recent filing with the SEC. 3.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sonim Technologies in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

About Sonim Technologies

Sonim Technologies, Inc (NASDAQ: SONM) is a specialty device manufacturer focused on mission-critical communications. The company designs, develops and markets ultra-rugged mobile handsets, push-to-talk (PTT) devices, accessories and supporting software platforms for customers operating in the most demanding environments. Sonim’s product line emphasizes durability, extended battery life and secure connectivity, tailored to industries where reliable voice and data services are essential.

At the core of Sonim’s offering are its hardened smartphones and PTT devices, engineered to meet or exceed military- and industrial-grade specifications for shock, water, dust and temperature resistance.