mdf commerce (TSE:MDF) Stock Price Passes Above 200-Day Moving Average of $3.40

Shares of mdf commerce inc. (TSE:MDF) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.40 and traded as high as C$3.40. mdf commerce shares last traded at C$3.35, with a volume of 12,140 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MDF. Industrial Alliance Securities set a C$5.50 price objective on mdf commerce and gave the company a “speculative buy” rating in a research report on Thursday, August 31st. Scotiabank raised their price objective on mdf commerce from C$3.50 to C$4.00 in a research report on Thursday, June 29th.

mdf commerce Stock Performance

The firm has a 50 day simple moving average of C$3.48 and a 200 day simple moving average of C$3.40. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 3.80. The firm has a market capitalization of C$147.30 million, a PE ratio of -1.73, a P/E/G ratio of -0.30 and a beta of 1.51.

mdf commerce (TSE:MDF) last issued its earnings results on Tuesday, August 8th. The company reported C($0.12) EPS for the quarter, missing the consensus estimate of C($0.11) by C($0.01). mdf commerce had a negative net margin of 65.93% and a negative return on equity of 29.78%. The business had revenue of C$31.00 million for the quarter, compared to analysts’ expectations of C$31.60 million. Equities analysts expect that mdf commerce inc. will post 0.01348 earnings per share for the current fiscal year.

About mdf commerce

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