Commtouch Software (NASDAQ: CTCH) was upgraded by equities researchers at Chardan Capital Markets to a “buy” rating in a report issued on Wednesday. The firm currently has a $3.50 target price on the stock.
Shares of Commtouch Software traded up 3.31% during mid-day trading on Wednesday, hitting $2.50. Commtouch Software has a 52 week low of $2.71 and a 52 week high of $3.69. The company has a market cap of $60.4 million and a P/E ratio of 12.10.
Commtouch Software Ltd. (Commtouch) is a provider of messaging and Web security solutions to a range of customers and original equipment manufacturer distribution partners.