NetworkNewsBreaks – QuoteMedia Inc. (QMCI) Assig
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QuoteMedia Inc. (OTCQB: QMCI), a leading provider of market data and financial applications, yesterday announced that Noble Capital Markets Inc. has initiated coverage of the company, assigning an initial rating of ‘Outperform’ alongside a price target of $0.25 per share. Per the report, QuoteMedia “plays in a large market, has a scalable business model, favorable pricing ability, and is flexible to compete for business that wants customizable solutions on multiple platforms.” Following Monday’s news release, QMCI shares climbed to a 52-week high of $0.21 on volume of 196,000.
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