OBOOK (NASDAQ:OWLS) Raised to "Strong-Buy" at Benchmark

Key Points

• Benchmark upgraded OBOOK (NASDAQ:OWLS) to a "strong-buy" rating, according to a note to investors.
• Shares opened at $5.61 and were trading down about 2.8%, with a 12‑month range of $5.15–$90.00 and a 50‑day moving average of $5.87; the company reported Q4 EPS of ($0.02) on $1.92 million in revenue.
• Institutional interest rose as Geode Capital bought 36,325 shares (≈$243,000) in Q4; OBOOK (OwlTing Group) says it provides blockchain-based data management and is expanding across the US, Asia and other international markets.

OBOOK (NASDAQ:OWLS - Get Free Report) was upgraded by investment analysts at Benchmark to a "strong-buy" rating in a note issued to investors on Wednesday,Zacks.com reports.

OBOOK Trading Down 2.8%

Shares of OWLS stock opened at $5.61 on Wednesday. OBOOK has a 12-month low of $5.15 and a 12-month high of $90.00. The stock has a 50-day moving average price of $5.87.

OBOOK (NASDAQ:OWLS - Get Free Report) last issued its earnings results on Monday, December 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $1.92 million during the quarter.

Institutional Investors Weigh In On OBOOK

A hedge fund recently bought a new stake in OBOOK stock. Geode Capital Management LLC bought a new position in OBOOK Holdings Inc. (NASDAQ:OWLS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 36,325 shares of the company's stock, valued at approximately $243,000.

About OBOOK

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.

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