CounterPath (CPAH) Getting Somewhat Favorable News Coverage, Report Finds

Media coverage about CounterPath (NASDAQ:CPAH) (TSE:CCV) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CounterPath earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 45.604482317966 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several analysts have weighed in on CPAH shares. Zacks Investment Research upgraded CounterPath from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research report on Monday, December 18th. ValuEngine downgraded CounterPath from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st.

Shares of CounterPath (CPAH) opened at $4.66 on Tuesday. CounterPath has a 12-month low of $1.75 and a 12-month high of $7.30. The firm has a market capitalization of $23.26, a P/E ratio of -9.14 and a beta of -0.73.

In related news, Director Steven Bruk acquired 125,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was purchased at an average price of $4.01 per share, for a total transaction of $501,250.00. Following the completion of the transaction, the director now owns 1,045,953 shares of the company’s stock, valued at approximately $4,194,271.53. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 38.30% of the company’s stock.

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About CounterPath

CounterPath Corporation designs, develops and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications (UC) services, including voice, video, messaging and collaboration functionality, over their Internet Protocol (IP)-based networks.

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