Rating Change: Cormark Securities Gives DataWind Inc (TSE:DW) Lower Rating. Lost Its Buy Rating

November 24, 2016 - By Ruchi Gupta

DataWind Inc (TSE:DW) Downgrade

Toronto-listed DataWind Inc (TSE:DW), was decreased by research analysts at Cormark Securities. Cormark Securities decreased its rating on the $29.27 million market cap company to a Market Perform from a previous Buy.

It is down 31.67% since April 20, 2016 and is downtrending. It has underperformed by 37.08% the S&P500.

Analysts await Drew Industries, Inc. (NYSE:DW) to report earnings on February, 9.

Insitutional Activity: The institutional sentiment decreased to 1.53 in Q2 2016. Its down 0.22, from 1.75 in 2016Q1. The ratio dived, as 15 funds sold all Datawind Inc shares owned while 52 reduced positions. 51 funds bought stakes while 66 increased positions. They now own 23.25 million shares or 1.29% more from 22.96 million shares in 2016Q1.

Renaissance Tech Ltd Com reported 48,000 shares or 0.01% of all its holdings. Navellier And Assoc reported 7,605 shares or 0.1% of all its holdings. Hanseatic Management, a New Mexico-based fund reported 18,980 shares. Comerica State Bank holds 0.02% or 24,569 shares in its portfolio. Bridgeway Cap Mngmt, a Texas-based fund reported 27,200 shares. Bogle Invest Mngmt Lp De accumulated 0.53% or 89,855 shares. Cetera Advisor Limited Com last reported 0.02% of its portfolio in the stock. Value Limited Partnership last reported 17,800 shares in the company. Rafferty Asset Ltd Liability Co reported 7,607 shares or 0.04% of all its holdings. Rice Hall James And Associate Ltd Llc holds 0.95% or 193,644 shares in its portfolio. Aqr Cap Management has 33,830 shares for 0.01% of their US portfolio. Driehaus Cap Ltd Com has 18,746 shares for 0.06% of their US portfolio. Alliancebernstein Limited Partnership owns 39,407 shares or 0% of their US portfolio. Cg Asset Mngmt Ltd accumulated 29,565 shares or 1.01% of the stock. Tci Wealth Advsrs Inc owns 11 shares or 0% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 12 insider sales for $6.08 million net activity. Deely Brendan had sold 3,500 shares worth $350,000. 5,527 shares were sold by ABRAMS LEIGH J, worth $447,190 on Wednesday, June 15. The insider LOWE JOHN B JR sold $826,960. Another trade for 10,000 shares valued at $960,700 was sold by HEGI FREDERICK B JR. $55,427 worth of Datawind Inc (TSE:DW) was sold by Hall Brian Michael on Wednesday, June 8. REED DAVID A sold 2,500 shares worth $240,975. Mereness Scott T had sold 3,000 shares worth $240,000 on Wednesday, June 8.

DataWind Inc. is a Canada-based provider of Internet connectivity and wireless Web access products. The company has a market cap of $29.27 million. The Company’s Internet Delivery Platform offers an Internet browsing solution by bundling a tablet device with a prepaid, second-generation Internet service plan. It currently has negative earnings. The Internet Delivery Platform’s acceleration and data reduction are accomplished through the use of its algorithms resident on the cloud servers.

According to Zacks Investment Research, “Drew Industries Incorporated has two reportable operating segments, the manufactured housing products segment and the recreational vehicle products segment. Several of the Company’s customers produce both manufactured homes and recreational vehicles, and the Company supplies products having similar characteristics for use in both these lines of business.”

DW Company Profile

Drew Industries Incorporated, incorporated on March 20, 1984, through its subsidiaries, supplies an array of components in the United States and abroad for the manufacturers of recreational vehicles (RVs) and manufactured homes. The Firm also supplies components for adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; pontoon boats; modular housing, and mobile office units. The Firm operates in two divisions, which include the recreational vehicle products segment (the RV Segment), and the manufactured housing products segment (the MH Segment). RVs are motorized (motorhomes) or towable, such as travel trailers, fifth-wheel travel trailers, folding camping trailers and truck campers.

More notable recent Datawind Inc (TSE:DW) news were published by: Globenewswire.com which released: “DataWind Announces Cease Trade Order” on September 08, 2016, also Globenewswire.com with their article: “DataWind Reports Fiscal First Quarter 2017 Revenues up 70% to Record $21.1 Million” published on November 21, 2016, Seekingalpha.com published: “DataWind May Be Worth The Wait” on August 24, 2016. More interesting news about Datawind Inc (TSE:DW) were released by: Globenewswire.com and their article: “DataWind Announces Appointment of Successor Auditor” published on September 29, 2016 as well as Marketwatch.com‘s news article titled: “DataWind Inc. Completes Initial Public Offering and Commences Trading on the …” with publication date: July 08, 2014.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:

Recent Market News