Synchronoss Technologies, Inc. provides cloud, messaging, digital, and network management platforms, products, and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's platforms, products, and solutions include content backup, view, manage, engage, transfer, and restore solutions in operating systems and devices; multi-channel messaging, peer-to-peer communications, and application-to-person commerce solutions; email solutions; customer journey and workflow design, development, orchestration, and experience management solutions; and telecom network infrastructure designing, procuring, managing, and optimizing solutions. It also streamlines the activation of new services and devices. In addition, the company offers software development and customization services. It markets and sells its services through direct sales force and strategic partners. The company was incorporated in 2000 and is headquartered in Bridgewater, New Jersey.
Synchronoss Technologies Stock Performance
NASDAQ:SNCR traded up $0.19 during trading hours on Thursday, reaching $1.69. The company had a trading volume of 442,645 shares, compared to its average volume of 361,564. Synchronoss Technologies has a 1-year low of $1.06 and a 1-year high of $3.09. The firm has a market cap of $149.23 million, a PE ratio of -12.07 and a beta of 1.28. The business's 50 day moving average price is $1.34 and its 200-day moving average price is $1.51. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.41 and a quick ratio of 1.41.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Synchronoss Technologies from a "hold" rating to a "buy" rating in a research report on Friday, August 12th.
Insider Buying and Selling at Synchronoss Technologies
In related news, major shareholder B. Riley Financial, Inc. purchased 69,183 shares of the firm's stock in a transaction on Monday, May 23rd. The stock was bought at an average cost of $1.50 per share, with a total value of $103,774.50. Following the completion of the acquisition, the insider now owns 11,878,289 shares of the company's stock, valued at approximately $17,817,433.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders purchased 84,505 shares of company stock valued at $126,698. 3.30% of the stock is owned by company insiders.