Zedge, Inc. (NYSEAMERICAN:ZDGE) to Issue $0.02 Quarterly Dividend

Zedge, Inc. (NYSEAMERICAN:ZDGE) declared a quarterly dividend on Friday, January 16th. Shareholders of record on Friday, January 30th will be paid a dividend of 0.016 per share on Tuesday, February 10th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, January 30th.

Zedge Stock Performance

Shares of NYSEAMERICAN ZDGE traded down $0.08 during mid-day trading on Wednesday, hitting $3.18. The stock had a trading volume of 3,448 shares, compared to its average volume of 82,834. The firm has a market cap of $39.62 million, a P/E ratio of -35.20 and a beta of 1.37. The business has a 50 day moving average price of $3.09 and a two-hundred day moving average price of $3.22. Zedge has a 1 year low of $1.73 and a 1 year high of $4.89.

Wall Street Analysts Forecast Growth

Separately, UBS Group set a $6.00 price objective on Zedge in a research report on Monday, December 15th.

Zedge Company Profile

Zedge, Inc (NYSE American: ZDGE) is a digital media and technology company that operates a mobile personalization platform. Through its flagship Zedge app and website, the company provides consumers with a wide range of downloadable digital content, including wallpapers, ringtones, notification sounds, app icons and lock screens. The platform accommodates both free and premium content, enabling users to customize their smartphones and tablets according to personal taste.

The company’s platform features content created by independent designers and established media brands, and it supports multiple languages and regional preferences.