Datawind Inc (TSE:DW) had its target price dropped by analysts at Canaccord Genuity from C$0.75 to C$0.25 in a report released on Wednesday. The brokerage presently has a “sell” rating on the stock. Canaccord Genuity’s price objective points to a potential downside of 43.18% from the company’s previous close.

Separately, Cormark cut Datawind from a “buy” rating to a “market perform” rating in a research report on Thursday, November 24th.

Shares of Datawind (TSE:DW) opened at 0.44 on Wednesday. Datawind has a 12 month low of $0.41 and a 12 month high of $2.15. The stock has a 50 day moving average price of $0.66 and a 200 day moving average price of $1.01. The stock’s market cap is $10.69 million.

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About Datawind

DataWind Inc is a Canada-based provider of Internet connectivity and wireless Web access products. The Company’s Internet Delivery Platform offers an Internet browsing solution by bundling a tablet device with a prepaid, second-generation (2G) Internet service plan. The Internet Delivery Platform’s acceleration and data reduction are accomplished through the use of its algorithms resident on the cloud-based servers.

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