InfoSonics Corporation (IFON)’s Stock Is Buy After Today’s Big Increase

April 17, 2018 - By Marguerite Chambers

InfoSonics Corporation (NASDAQ:IFON) Logo

The stock of InfoSonics Corporation (NASDAQ:IFON) is a huge mover today! The stock increased 6.24% or $0.31 during the last trading session, reaching $5.28. About 427,032 shares traded or 764.33% up from the average. InfoSonics Corporation (NASDAQ:IFON) has declined 38.51% since April 17, 2017 and is downtrending. It has underperformed by 50.06% the S&P500.
The move comes after 6 months positive chart setup for the $3.57 million company. It was reported on Apr, 17 by Barchart.com. We have $5.70 PT which if reached, will make NASDAQ:IFON worth $285,520 more.

InfoSonics Corporation, together with its subsidiaries, defines, sources, and sells wireless telecommunication products and accessories to wireless carriers, distributors, retailers, and OEMs primarily in Latin America, the Asia Pacific, Europe, Africa, and rest of the United States. The company has market cap of $3.57 million. It offers wireless handsets; tablets and accessories; and GSM Android smartphones and feature phones, and Android tablets. It currently has negative earnings. The firm offers its products under the verykool brand name.

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