Mdf Commerce (TSE:MDF) Shares Pass Above Two Hundred Day Moving Average of $2.49

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mdf commerce inc. (TSE:MDFGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.49 and traded as high as C$3.51. mdf commerce shares last traded at C$3.42, with a volume of 74,578 shares.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MDF. BMO Capital Markets raised their price target on shares of mdf commerce from C$3.00 to C$4.50 in a report on Thursday, October 6th. National Bankshares raised their target price on shares of mdf commerce from C$2.00 to C$3.00 and gave the stock a “sector perform” rating in a report on Thursday, October 6th. Finally, Scotiabank raised their target price on shares of mdf commerce from C$3.00 to C$3.50 in a report on Thursday, October 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$5.70.

mdf commerce Trading Down 1.7 %

The company has a debt-to-equity ratio of 30.49, a current ratio of 1.31 and a quick ratio of 0.52. The company’s fifty day moving average is C$2.91 and its 200-day moving average is C$2.49. The stock has a market cap of C$150.38 million and a PE ratio of -6.12.

mdf commerce Company Profile

(Get Rating)

mdf commerce inc., through its subsidiaries, provides software as a service (SaaS) solutions for consumers and businesses in Canada, the United States, Europe, China, and internationally. The company's SaaS solutions optimizes and accelerates commercial interactions between buyers and sellers. Its solutions include strategic sourcing, ecommerce, supply chain collaboration, and emarketplace.

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