RTB Digital, Inc. Common Stock (NASDAQ:RTB) Stock Falls 0.8% – Here’s What Happened

RTB Digital, Inc. Common Stock (NASDAQ:RTB) fell 0.8% during mid-day trading on Wednesday. The company traded as low as $7.30 and last traded at $7.56. Approximately 56,892 shares changed hands during trading, a decline of 62% from the average session volume of 150,112 shares. The stock had previously closed at $7.62.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of RTB Digital, Inc. Common Stock from a “sell (e+)” rating to a “sell (d)” rating in a report on Tuesday, September 29th. Wall Street Zen upgraded RTB Digital, Inc. Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, RTB Digital, Inc. Common Stock has an average rating of “Sell”.

RTB Digital, Inc. Common Stock Stock Performance

The firm’s 50 day moving average price is $11.04 and its 200-day moving average price is $9.95. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $108.56 million, a PE ratio of -1.22 and a beta of 2.17.

RTB Digital, Inc. Common Stock (NASDAQ:RTB) last announced its quarterly earnings results on Friday, August 14th. The company reported ($1.24) earnings per share for the quarter. The business had revenue of $2.33 million during the quarter. RTB Digital, Inc. Common Stock had a negative net margin of 216.56% and a negative return on equity of 342.57%.

Insider Activity

In related news, major shareholder Jason Christopher Dorsett purchased 19,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were purchased at an average price of $10.36 per share, with a total value of $196,840.00. Following the purchase, the insider owned 4,193,028 shares of the company’s stock, valued at $43,439,770.08. The trade was a 0.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.39% of the stock is owned by company insiders.

RTB Digital, Inc. Common Stock Company Profile

Ryvyl Inc, a technology company, engages in the development, marketing, and sale of blockchain-based payment solutions in North America, Europe, and Asia. The company's blockchain-based systems facilitate, record, and store a volume of tokenized assets representing cash or data on a blockchain-based ledger. Its products include QuickCard Payment System, a physical and virtual payment card processing management system, including software that facilitates on and off ramp e-wallet management; Coyni, a digital token platform, which offers custodial assurance by utilizing its stable coin and blockchain technology in a closed-loop ecosystem; and ChargeSavvy, an end-to-end POS solution comprising software and hardware for the restaurant and hospitality industry.