DATA Communications Management (TSE:DCM) Shares Up 1.3% - Still a Buy?

Key Points

• DATA Communications Management's stock price increased by 1.3% to C$1.51, with trading volume hitting 241,463 shares, a significant rise of 453% compared to its average daily volume.
• Acumen Capital has upgraded the company's shares to a "strong-buy" rating, but lowered its target price from C$4.00 to C$3.75.
• The company has a market capitalization of C$84.84 million and a debt-to-equity ratio of 631.45, indicating a high level of debt relative to its equity.

DATA Communications Management Corp. (TSE:DCM - Get Free Report)'s stock price shot up 1.3% during mid-day trading on Friday . The company traded as high as C$1.56 and last traded at C$1.51. 241,463 shares traded hands during trading, an increase of 453% from the average session volume of 43,646 shares. The stock had previously closed at C$1.49.

Analyst Upgrades and Downgrades

Separately, Acumen Capital raised shares of DATA Communications Management to a "strong-buy" rating and decreased their target price for the company from C$4.00 to C$3.75 in a research note on Thursday, May 22nd.

DATA Communications Management Stock Performance

The company has a debt-to-equity ratio of 631.45, a quick ratio of 0.83 and a current ratio of 1.46. The firm's 50 day moving average is C$1.74 and its 200-day moving average is C$1.84. The firm has a market cap of C$85.96 million, a price-to-earnings ratio of -24.65 and a beta of 3.42.

DATA Communications Management Company Profile

DATA Communications Management Corp is a communication solutions partner that adds value for major companies across North America by creating more meaningful connections with their customers. It pairs customer insights and thought leadership with cutting-edge products, modular enabling technology and services to power its clients' go-to market strategies.