Sonim Technologies (NASDAQ:SONM) Shares Up 1.3% – Time to Buy?

Sonim Technologies, Inc. (NASDAQ:SONM)’s share price traded up 1.3% during mid-day trading on Wednesday . The stock traded as high as $5.05 and last traded at $4.86. 21,324 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 25,172 shares. The stock had previously closed at $4.80.

Analyst Upgrades and Downgrades

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

Sonim Technologies Trading Up 1.3%

The company’s 50 day moving average is $4.27 and its 200-day moving average is $4.68. The company has a market capitalization of $7.24 million, a P/E ratio of -0.36 and a beta of 1.86.

Sonim Technologies (NASDAQ:SONM) last released its quarterly earnings data on Wednesday, April 15th. The company reported ($9.44) earnings per share for the quarter.

Institutional Trading of Sonim Technologies

A hedge fund recently bought a new stake in Sonim Technologies stock. Potomac Capital Management Inc. acquired a new stake in shares of Sonim Technologies, Inc. (NASDAQ:SONM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 48,000 shares of the company’s stock, valued at approximately $151,000. Potomac Capital Management Inc. owned approximately 4.66% of Sonim Technologies as of its most recent filing with the Securities and Exchange Commission. 3.26% of the stock is owned by institutional investors.

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.