Simpple (NASDAQ:SPPL) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Simpple (NASDAQ:SPPL) from a hold rating to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Simpple in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Simpple currently has a consensus rating of “Sell”.

Simpple Price Performance

Shares of NASDAQ:SPPL opened at $2.40 on Friday. The firm has a fifty day moving average price of $2.53 and a two-hundred day moving average price of $2.70. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.80. Simpple has a one year low of $1.50 and a one year high of $7.00.

Hedge Funds Weigh In On Simpple

An institutional investor recently bought a new stake in Simpple stock. Squarepoint Ops LLC purchased a new position in Simpple Ltd. (NASDAQ:SPPL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned about 0.23% of Simpple at the end of the most recent reporting period. 0.01% of the stock is owned by institutional investors.

About Simpple

Simpple Ltd. is a Singapore-based technology company that provides artificial intelligence-driven smart-building and facilities-management solutions. Its software is designed to help organizations monitor and manage building operations, improve workforce productivity, and make facility services more efficient.

The company’s platform combines artificial intelligence, machine learning, Internet of Things connectivity, and data analytics. Its solutions support activities such as cleaning management, maintenance, inspection and work-order tracking, workforce allocation, occupancy monitoring, and operational reporting.