TruGolf (NASDAQ:TRUG) Posts Earnings Results

TruGolf (NASDAQ:TRUG) announced its quarterly earnings results on Tuesday. The company reported ($0.48) EPS for the quarter, Zacks reports.

TruGolf Stock Up 13.9 %

TruGolf stock traded up $0.05 during midday trading on Tuesday, reaching $0.38. The stock had a trading volume of 828,849 shares, compared to its average volume of 1,889,711. The firm has a market cap of $4.58 million, a price-to-earnings ratio of -0.92 and a beta of -0.74. TruGolf has a 52-week low of $0.22 and a 52-week high of $1.78. The company has a fifty day moving average of $0.39 and a 200 day moving average of $0.53.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TRUG. Maxim Group initiated coverage on TruGolf in a report on Thursday, December 19th. They issued a “buy” rating and a $2.00 target price for the company. Singular Research raised shares of TruGolf to a “moderate buy” rating in a research note on Monday, January 27th.

TruGolf Company Profile

TruGolf Holdings, Inc, through its subsidiary, engages in the development and sale of indoor golf simulator hardware under the TruGolf Nevada brand for residential and commercial markets in the United States. It also provides E6 Connect software for use on other companies' hardware. The company was founded in 1982 and is headquartered in Centerville, Utah.