Steven G. Mihaylo Purchases 24,900 Shares of Crexendo Inc (CXDO) Stock
Crexendo Inc (NASDAQ:CXDO) CEO Steven G. Mihaylo bought 24,900 shares of the stock in a transaction on Monday, October 2nd. The shares were acquired at an average cost of $1.64 per share, with a total value of $40,836.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Crexendo Inc (NASDAQ CXDO) remained flat at $1.62 on Friday. The firm has a 50 day moving average of $1.74 and a 200-day moving average of $1.64. Crexendo Inc has a 1-year low of $1.36 and a 1-year high of $1.95. The company’s market capitalization is $22.40 million.
Crexendo (NASDAQ:CXDO) last issued its quarterly earnings results on Monday, August 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $2.49 million for the quarter. Crexendo had a negative net margin of 11.31% and a negative return on equity of 260.60%.
Crexendo, Inc is a hosted services company. The Company provides hosted telecommunications services, broadband Internet services, Website hosting, e-commerce software and Website development software for businesses and entrepreneurs. Its services are designed to make enterprise-class hosting services available to small, medium-sized and enterprise-sized businesses.
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