Sonim Technologies, Inc. provides ruggedized mobile phones and accessories for task workers. The company offers ruggedized mobile phones, such as Sonim XP8, Sonim XP5s, Sonim XP3, and Sonim XP3plus based on the Android platform that are capable of attaching to public and private wireless networks; industrial-grade accessories, including remote speaker microphones, multi-bay charging accessories, and in-vehicle hands-free voice communications solutions; and cloud-based software and application services. It sells its mobile phones and accessories primarily to wireless carriers in the United States and Canada; and sells ruggedized phones, barcode scanners, and accessories through distribution channels in North America, South America, and Europe. The company serves transportation and logistics, construction, manufacturing, facilities management, energy and utility, and public sectors. The company was formerly known as NaviSpin.com, Inc. and changed its name to Sonim Technologies, Inc. in December 2001. Sonim Technologies, Inc. was incorporated in 1999 and is based in Austin, Texas.
Sonim Technologies Trading Down 4.0 %
SONM opened at $0.82 on Thursday. The firm has a market cap of $15.73 million, a price-to-earnings ratio of -0.27 and a beta of 2.92. Sonim Technologies has a 12 month low of $0.48 and a 12 month high of $7.35. The stock has a fifty day moving average price of $0.64 and a 200-day moving average price of $0.68.
Insider Transactions at Sonim Technologies
In related news, major shareholder Ajp Holding Company, Llc purchased 5,534,881 shares of Sonim Technologies stock in a transaction dated Monday, August 8th. The stock was purchased at an average cost of $0.84 per share, with a total value of $4,649,300.04. Following the transaction, the insider now owns 19,463,452 shares in the company, valued at approximately $16,349,299.68. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder Ajp Holding Company, Llc purchased 5,534,881 shares of Sonim Technologies stock in a transaction dated Monday, August 8th. The stock was purchased at an average cost of $0.84 per share, with a total value of $4,649,300.04. Following the transaction, the insider now owns 19,463,452 shares in the company, valued at approximately $16,349,299.68. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey Wang purchased 13,928,571 shares of Sonim Technologies stock in a transaction dated Wednesday, July 13th. The stock was bought at an average cost of $0.84 per share, with a total value of $11,699,999.64. Following the completion of the transaction, the director now owns 13,928,571 shares in the company, valued at approximately $11,699,999.64. The disclosure for this purchase can be found here. In the last three months, insiders purchased 20,415,833 shares of company stock valued at $17,149,300 and sold 24,759 shares valued at $13,665. Corporate insiders own 2.37% of the company's stock.