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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About QuoteMedia
QuoteMedia is a leading software developer and cloud-based syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, filings, corporate financials, insider reports, market indices, portfolio management systems and data feeds. QuoteMedia provides data and services for companies such as the NASDAQ Stock Exchange, TMX Group (TSX Stock Exchange), Canadian Securities Exchange (CSE), FIS, U.S. Bank, Broadridge Financial Systems, Ridge Clearing, JPMorgan Chase, CI Financial, JitneyTrade, Hilltop Securities, HD Vest, Intrinsic Research Systems, Stockhouse, Zacks Investment Research, General Electric, Boeing, Bombardier, Business Wire, PR Newswire, FolioFN, Regal Securities, ChoiceTrade, Cetera Financial Group, Dynamic Trend Inc., Qtrade Financial, CNW Group, Industrial Alliance, Ally Invest Inc., Suncor, Virtual Brokers, Equities.com, Leede Jones Gable, Firstrade Securities, Motif Investing, First Financial, Cirano, Equisolve, Stock-Trak, Mergent, SNN Incorporated and others. Quotestream, QMod and Quotestream Connect are trademarks of QuoteMedia. For more information, visit the company’s website at www.QuoteMedia.com
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