QuoteMedia (OTCMKTS:QMCI) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

QuoteMedia Inc. (OTCMKTS:QMCI)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.15 and traded as low as $0.15. QuoteMedia shares last traded at $0.1520, with a volume of 113,348 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised QuoteMedia to a “hold” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

QuoteMedia Trading Up 1.3%

The firm’s fifty day moving average price is $0.15 and its two-hundred day moving average price is $0.15. The stock has a market capitalization of $13.75 million, a PE ratio of -5.07 and a beta of 0.01.

QuoteMedia (OTCMKTS:QMCI) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $5.53 million for the quarter, compared to analysts’ expectations of $5.52 million. As a group, sell-side analysts anticipate that QuoteMedia Inc. will post -0.01 earnings per share for the current fiscal year.

QuoteMedia Company Profile

QuoteMedia, Inc is a Canada-based provider of digital market data and financial content solutions, founded in 1999 and headquartered in Montreal, Quebec. The company specializes in aggregating real-time and historical market information from major exchanges in North America and beyond, offering a range of delivery options to suit client needs. Its cloud-based infrastructure supports high-volume streaming and on-demand access to equity, ETF, mutual fund and fixed-income data.

The firm’s core product suite includes streaming quote and charting services, RESTful and WebSocket APIs, embeddable financial widgets and customizable portfolio-management tools.