Shares of Digital Turbine, Inc. (NASDAQ:APPS - Get Free Report) traded down 5.4% on Monday . The company traded as low as $5.27 and last traded at $5.31. 1,652,705 shares were traded during mid-day trading, a decline of 62% from the average session volume of 4,398,143 shares. The stock had previously closed at $5.61.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Digital Turbine from a "hold" rating to a "sell" rating in a report on Monday, March 24th.
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Digital Turbine Stock Up 2.7%
The business has a fifty day simple moving average of $3.73 and a two-hundred day simple moving average of $3.08. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.50. The company has a market cap of $551.29 million, a PE ratio of -1.73 and a beta of 2.58.
Hedge Funds Weigh In On Digital Turbine
Several institutional investors and hedge funds have recently bought and sold shares of APPS. SBI Securities Co. Ltd. acquired a new position in Digital Turbine in the 4th quarter valued at about $28,000. Plancorp LLC acquired a new position in Digital Turbine in the 4th quarter valued at about $35,000. Strs Ohio acquired a new position in Digital Turbine in the 1st quarter valued at about $41,000. Caitong International Asset Management Co. Ltd acquired a new position in Digital Turbine in the 1st quarter valued at about $45,000. Finally, Cetera Investment Advisers boosted its holdings in Digital Turbine by 94.3% in the 4th quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker's stock valued at $46,000 after purchasing an additional 13,317 shares during the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.
Digital Turbine Company Profile
(
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Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.
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