CounterPath Corporation (CPAH) Getting Somewhat Positive News Coverage, Analysis Shows
Press coverage about CounterPath Corporation (NASDAQ:CPAH) (TSE:CCV) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CounterPath Corporation earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 48.1414649132373 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of brokerages recently weighed in on CPAH. Zacks Investment Research upgraded CounterPath Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. ValuEngine cut CounterPath Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.
Shares of CounterPath Corporation (CPAH) remained flat at $2.42 during midday trading on Friday. The company’s stock had a trading volume of 1,900 shares. The company’s market cap is $13.28 million. The stock’s 50 day moving average price is $2.66 and its 200-day moving average price is $2.33. CounterPath Corporation has a 1-year low of $1.75 and a 1-year high of $2.99.
In related news, CEO Donovan Jones bought 11,368 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was purchased at an average cost of $2.20 per share, with a total value of $25,009.60. Following the purchase, the chief executive officer now directly owns 71,935 shares of the company’s stock, valued at approximately $158,257. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Steven Bruk bought 180,446 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were bought at an average cost of $2.20 per share, with a total value of $396,981.20. Following the completion of the purchase, the insider now directly owns 58,647 shares in the company, valued at $129,023.40. The disclosure for this purchase can be found here. Insiders have purchased a total of 200,870 shares of company stock valued at $441,914 over the last three months. 38.30% of the stock is currently owned by insiders.
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CounterPath Corporation Company Profile
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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