Solium Capital (SUM) Sets New 52-Week High at $12.10

Solium Capital Inc. (TSE:SUM) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$12.10 and last traded at C$11.97, with a volume of 84417 shares trading hands. The stock had previously closed at C$11.89.

Several equities research analysts have issued reports on SUM shares. Laurentian lifted their price target on shares of Solium Capital from C$12.75 to C$13.00 in a research note on Thursday, March 22nd. Scotiabank lifted their price target on shares of Solium Capital from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research note on Thursday, March 22nd. Finally, Canaccord Genuity lifted their price target on shares of Solium Capital from C$12.50 to C$12.75 in a research note on Thursday, May 10th.

Solium Capital (TSE:SUM) last announced its earnings results on Wednesday, May 9th. The company reported C$0.03 EPS for the quarter, topping the consensus estimate of C$0.01 by C$0.02. The business had revenue of C$32.99 million during the quarter, compared to the consensus estimate of C$30.41 million. Solium Capital had a negative net margin of 0.54% and a negative return on equity of 0.41%.

In other Solium Capital news, insider James Wulforst sold 22,699 shares of the business’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of C$11.00, for a total value of C$249,689.00. Also, insider Jeremy Spencer Wright sold 12,744 shares of the business’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of C$11.10, for a total transaction of C$141,458.40. Insiders have sold a total of 51,405 shares of company stock valued at $568,414 in the last ninety days.

About Solium Capital

Solium Capital Inc provides cloud-enabled services for administration, financial reporting, and compliance related to equity-based incentive plans in Canada, the United States, and internationally. The company offers Shareworks software platforms, such as Plan Admin that unifies various plans to get trusted data and timely reports; Shareworks Participant Experience, which provides a tool for participants to manage their equity plans; and Shareworks Forms Filing for achieving compliance with Section 16 SEC filing requirements.

Receive News & Ratings for Solium Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solium Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply