mdf commerce (TSE:MDF) Stock Crosses Above 200-Day Moving Average of $2.49

mdf commerce inc. (TSE:MDFGet Rating)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.49 and traded as high as C$3.51. mdf commerce shares last traded at C$3.42, with a volume of 74,578 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MDF shares. Scotiabank raised their target price on shares of mdf commerce from C$3.00 to C$3.50 in a report on Thursday, October 6th. BMO Capital Markets raised their target price on shares of mdf commerce from C$3.00 to C$4.50 in a report on Thursday, October 6th. Finally, National Bankshares raised their target price on shares of mdf commerce from C$2.00 to C$3.00 and gave the company a “sector perform” rating in a report on Thursday, October 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, mdf commerce currently has an average rating of “Hold” and an average target price of C$5.70.

mdf commerce Price Performance

The company has a market capitalization of C$150.38 million and a price-to-earnings ratio of -6.12. The company’s 50 day simple moving average is C$2.91 and its 200-day simple moving average is C$2.49. The company has a current ratio of 1.31, a quick ratio of 0.52 and a debt-to-equity ratio of 30.49.

About mdf commerce

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mdf commerce inc., through its subsidiaries, provides software as a service (SaaS) solutions for consumers and businesses in Canada, the United States, Europe, China, and internationally. The company's SaaS solutions optimizes and accelerates commercial interactions between buyers and sellers. Its solutions include strategic sourcing, ecommerce, supply chain collaboration, and emarketplace.

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