Crexendo Inc (OTCMKTS:CXDO) CEO Steven G. Mihaylo Acquires 6,946 Shares

Crexendo Inc (OTCMKTS:CXDO) CEO Steven G. Mihaylo purchased 6,946 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average price of $3.25 per share, for a total transaction of $22,574.50. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

CXDO opened at $3.24 on Wednesday. Crexendo Inc has a 1-year low of $1.50 and a 1-year high of $4.00. The company has a current ratio of 1.58, a quick ratio of 1.44 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $47.99 million, a P/E ratio of 330.00 and a beta of 2.39.

Crexendo (OTCMKTS:CXDO) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.02 earnings per share for the quarter. Crexendo had a return on equity of 7.25% and a net margin of 0.63%. The business had revenue of $3.49 million for the quarter.

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About Crexendo

Crexendo, Inc provides unified communications cloud telecom, broadband Internet, and other cloud business services for businesses in North America and internationally. The company operates in two segments, Cloud Telecommunications and Web Services. The Cloud Telecommunications segment provides telecommunications services that transmit calls using IP or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud; and broadband Internet services.

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