QMMM (NASDAQ:QMMM) Stock Price Up 16% - Here's Why

Key Points

• QMMM Holdings Limited's stock surged by 16%, reaching a last traded price of $83.26, despite a significant drop in trading volume.
• The company received an upgrade from Wall Street Zen, raising its rating from "sell" to "hold."
• QMMM specializes in digital advertising services, including interactive design and virtual technologies, serving various prominent industries.

QMMM Holdings Limited (NASDAQ:QMMM - Get Free Report) rose 16% during mid-day trading on Tuesday . The stock traded as high as $78.83 and last traded at $83.26. Approximately 41,539 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 2,446,941 shares. The stock had previously closed at $71.75.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised QMMM from a "sell" rating to a "hold" rating in a research note on Saturday.

QMMM Stock Up 18.4%

The company has a 50 day moving average of $13.80 and a 200-day moving average of $5.53.

QMMM Company Profile

QMMM Holdings Ltd. engages in the provision of digital advertising services. It offers interactive design, animation, art-tech and virtual technologies used in commercial campaigns. It has worked with domestic and international banks, real estate developers, amusement parks, international athletic apparel, footwear brands, luxury cosmetic products, and international brands.

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