SpringBig Holdings, Inc. (NASDAQ:SBIG – Get Rating) shares traded down 5.9% during trading on Tuesday . The company traded as low as $0.81 and last traded at $0.82. 19,443 shares changed hands during trading, a decline of 90% from the average session volume of 192,310 shares. The stock had previously closed at $0.88.
SpringBig Stock Up 1.5 %
The company has a debt-to-equity ratio of 51.02, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a fifty day moving average price of $1.01.
Institutional Investors Weigh In On SpringBig
Several institutional investors have recently bought and sold shares of the company. Cantor Fitzgerald L. P. boosted its holdings in SpringBig by 159.0% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 1,341,883 shares of the company’s stock worth $1,261,000 after buying an additional 823,711 shares during the last quarter. Millennium Management LLC acquired a new position in shares of SpringBig during the 2nd quarter worth approximately $467,000. Neuberger Berman Group LLC acquired a new position in shares of SpringBig during the 3rd quarter worth approximately $116,000. CSS LLC IL acquired a new position in shares of SpringBig during the 2nd quarter worth approximately $56,000. Finally, Jane Street Group LLC acquired a new position in shares of SpringBig during the 2nd quarter worth approximately $55,000. 24.96% of the stock is currently owned by institutional investors and hedge funds.
SpringBig Company Profile
SpringBig Holdings, Inc operates a software platform that provides customer loyalty and marketing automation solutions to cannabis retailers and brands in the United States and Canada. The company's platform connects consumers with retailers and brands through SMS marketing, emails, customer feedback system, and loyalty programs to support retailers and brands customer engagement and retention.
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