Crexendo, Inc. (NASDAQ:CXDO – Get Rating) CRO Jon Brinton acquired 5,000 shares of the stock in a transaction on Thursday, November 17th. The stock was bought at an average cost of $2.11 per share, for a total transaction of $10,550.00. Following the transaction, the executive now owns 25,824 shares of the company’s stock, valued at approximately $54,488.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Crexendo Price Performance
Shares of NASDAQ:CXDO opened at $2.10 on Monday. The firm has a market capitalization of $47.79 million, a PE ratio of -14.00 and a beta of 1.18. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $2.48 and a two-hundred day moving average price of $2.74. Crexendo, Inc. has a twelve month low of $2.07 and a twelve month high of $5.51.
Crexendo (NASDAQ:CXDO – Get Rating) last issued its earnings results on Thursday, November 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Crexendo had a negative net margin of 9.72% and a negative return on equity of 1.54%. The business had revenue of $9.11 million for the quarter, compared to analysts’ expectations of $9.07 million. Equities analysts forecast that Crexendo, Inc. will post -0.06 EPS for the current year.
Institutional Trading of Crexendo
Wall Street Analysts Forecast Growth
Separately, Northland Securities assumed coverage on shares of Crexendo in a report on Tuesday, September 27th. They issued an “outperform” rating and a $4.00 price target on the stock.
Crexendo, Inc provides cloud communication, unified communications as a service, call center, collaboration, and other cloud business services for businesses in the United States, Canada, and internationally. It operates through two segments, Cloud Telecommunications and Web Services. The Cloud Telecommunications segment provides telecommunications services that transmit calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud; and resells broadband Internet services.
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