Sonos, Inc. (SONO) and its subsidiaries create, develop, produce, and distribute multi-room audio devices across the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It sells its products through some 10,000 third-party retail stores, including custom installers of home audio systems, e-commerce retailers, and its website, sonos.com. SONO is headquartered in Santa Barbara, Calif.
The shares of the consumer electronics company have risen 14.8% in price over the past month, mostly in response to news that Standard & Poor's has added the stock to its S&P 600 Small Cap Index. However, the stock has slumped 33.4% over the past year and 16.4% over the past six months to close yesterday's trading session at $26.78. In addition, the stock is currently 40.1% below its 52-week high of $44.72.
