CounterPath Corporation (CPAH) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of CounterPath Corporation (NASDAQ:CPAH) (TSE:CCV) from a sell rating to a hold rating in a research report released on Tuesday, August 8th.

Separately, Zacks Investment Research lowered CounterPath Corporation from a hold rating to a sell rating in a research report on Wednesday, May 3rd.

CounterPath Corporation (CPAH) traded up 1.60% on Tuesday, reaching $2.54. The company had a trading volume of 700 shares. The stock’s 50 day moving average is $2.40 and its 200-day moving average is $2.29. CounterPath Corporation has a 1-year low of $1.75 and a 1-year high of $2.99. The stock’s market capitalization is $12.56 million.

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In related news, major shareholder Steven Bruk acquired 180,446 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 58,647 shares of the company’s stock, valued at approximately $129,023.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Donovan Jones bought 11,368 shares of the stock in a transaction dated Thursday, July 20th. The shares were acquired at an average price of $2.20 per share, with a total value of $25,009.60. Following the completion of the purchase, the chief executive officer now directly owns 71,935 shares of the company’s stock, valued at $158,257. The disclosure for this purchase can be found here. Insiders acquired 200,870 shares of company stock worth $441,914 over the last three months. 37.10% of the stock is currently owned by corporate insiders.

About CounterPath Corporation

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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