Trading was light with 629K shares changing hands on Tuesday. Volume was down 78.08% under the stocks average daily volume.
Short traders are more bullish on shares of the company of late if you watch the motion in short interest. The stock realized a fall in short interest of -34.60% as of the latest report on October 13, 2017. Short interest decreased from 9,613,102 to 6,287,029 over that timeframe. The days to cover decreased to 1.0 and the percentage of shorted shares is 0.14% as of October 13.
The following firms have recently changed their position in SNCR. Ls Investment Advisors, LLC expanded its ownership by buying 773 shares an increase of 23.0%. Ls Investment Advisors, LLC claims 4,131 shares worth $39,000. The value of the position overall is down by 29.1%. Smith, Graham & Co., Investment Advisors, Lp augmented its holdings by buying 79,300 shares an increase of 11.6% as of 09/30/2017. Smith, Graham & Co., Investment Advisors, Lp owns 763,638 shares with a value of $7,125,000. The total value of its holdings decreased 36.7%.
As of quarter end Nationwide Fund Advisors had acquired 24,800 shares growing its holdings by 86.8%. The value of the investment in (SNCR) went from $470,000 to $498,000 a change of 6.0% quarter to quarter. As of the end of the quarter Raymond James Financial Services Advisors, Inc. had sold a total of 7,737 shares trimming its stake by 25.2%. The value in dollars decreased from $506,000 to $215,000 decreasing 57.5% since the last quarter.
In the market the company is trading up from yesterday’s close of $11.33. It is currently trading at $11.33 marginally under $12.07, the stock’s 50 day moving average and quite a bit lower than the 200 day moving average of $14.92. The 50 day moving average went down $-0.74 or -6.14% and the 200 day average was down $-3.59.
Synchronoss Technologies, Inc. currently has a P/E ratio of 25.18 and the market cap of the company is 498.33M. In the last earnings report the EPS was $0.45 and is expected to be $1.05 for the current year with 43,983,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.21 and the next full year EPS is anticipated to be $1.56.
Synchronoss Technologies, Inc. (Synchronoss), launched on September 19, 2000, is a global software and services company, which provides technologies and services for the mobile transformation of business. The Business’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions. The Business’s products and platforms are designed to enable multiple converged communication services to be managed across a range of distribution channels including e-commerce, m-commerce, telesales, customer stores, indirect and other retail outlets. The Company operates in and markets their solutions and services directly through their sales organizations in North America, Europe, the Middle East and Africa (EMEA), Latin America and the Asia-Pacific region. Synchronoss delivers technologies for mobile transformation to two primary types of customers: service provider and enterprise customers in regulated verticals and use cases..