Zacks Investment Research downgraded ChannelAdvisor Corp (NYSE:ECOM) to Hold in a statement released earlier today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded ChannelAdvisor Corp (NYSE:ECOM) to Hold in a statement released on 10/05/2016.
Boasting a price of $12.68, ChannelAdvisor Corp (NYSE:ECOM) traded -1.17% lower on the day. With the last stock price close down -2.75% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. ChannelAdvisor Corp has recorded a 50-day average of $12.38 and a two hundred day average of $13.04. Volume of trade was down over the average, with 67,385 shares of ECOM changing hands under the typical 103,865
With a total market value of $0, ChannelAdvisor Corp has with a one year low of $8.71 and a one year high of $15.91 .
Brief Synopsis 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, 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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