CounterPath (NASDAQ:CPAH) Share Price Crosses Below 200 Day Moving Average of $1.37

CounterPath, Corp. (NASDAQ:CPAH) (TSE:CCV) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.37 and traded as low as $1.08. CounterPath shares last traded at $1.09, with a volume of 7,300 shares trading hands.

Separately, ValuEngine raised CounterPath from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

The business has a 50 day moving average price of $1.15 and a 200 day moving average price of $1.36. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.65 and a current ratio of 0.65.

A hedge fund recently raised its stake in CounterPath stock. Wedbush Securities Inc. lifted its position in CounterPath, Corp. (NASDAQ:CPAH) (TSE:CCV) by 72.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,192 shares of the software maker’s stock after purchasing an additional 11,874 shares during the period. Wedbush Securities Inc. owned 0.47% of CounterPath worth $32,000 at the end of the most recent quarter. Institutional investors own 1.24% of the company’s stock.

About CounterPath (NASDAQ:CPAH)

CounterPath Corporation designs, develops, and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications services over Internet protocol based networks in North America and internationally. Its products include Bria softphone suite, which enables consumers and business users to make voice over Internet protocol (VoIP) audio and video calls, send instant messages, manage their presence, share their screen, and collaborate with other users using desktop computers and laptops, smartphones, and tablets; and X-Lite, a standards-based VoIP softphone application that runs on desktop computers.

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