ChannelAdvisor Corp (NYSE:ECOM) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: September 15, 2016
Zacks Investment Research has downgraded ChannelAdvisor Corp(NYSE:ECOM) to Hold in a report released on Thursday September 15 2016.
Previously on 11/06/2015, Robert W. Baird released a statement on ChannelAdvisor Corp(NYSE:ECOM) upped the target price from $12.00 to $13.00. At the time, this suggested an upside of 0.07%.
Having a price of $12.08, ChannelAdvisor Corp (NYSE:ECOM) traded 3.42% higher on the day. The last stock price close is down 6.37% from the two hundred day moving average, compared to the S&P 500 Index which has decreased -0.01% over the date range. The company has been tracking to a 50-day average of $13.05 and 200-day moving average of $12.90. 59,780 shares of ECOM traded, down from ann avg. trading volume of 117,558
With a total market value of $0.0, ChannelAdvisor Corp has a one-year low of $8.71 and a 52 week high of $15.91 with a PE ratio of 0.
General Information About ChannelAdvisor Corp (NYSE:ECOM)
ChannelAdvisor Corporation is a provider of software as a service (SaaS) solutions. The Company’s SaaS solutions enable its retailer and manufacturer customers to integrate and manage their merchandise sales across various online channels. Through its platform, the Company enables its customers to connect with various sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg and Sears, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and other channels, such as Facebook and Pinterest. The Company’s suite of solutions provides its customers with an integrated user interface to manage their product listings, inventory availability, pricing optimization, search terms, and data analytics and other functions across the channels. The company also offers solutions that allow branded manufacturers to send their Web visitors directly to authorized resellers and to gain insight into consumer behavior.
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