Zedge (NYSEAMERICAN:ZDGE – Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04, FiscalAI reports. The business had revenue of $7.77 million for the quarter, compared to the consensus estimate of $7.25 million. Zedge had a positive return on equity of 11.18% and a negative net margin of 3.62%.
Zedge Stock Up 1.8%
Shares of Zedge stock traded up $0.05 on Monday, reaching $2.76. 109,020 shares of the stock were exchanged, compared to its average volume of 92,438. The business has a 50 day moving average price of $2.94 and a two-hundred day moving average price of $3.02. The firm has a market capitalization of $34.61 million, a price-to-earnings ratio of -30.66 and a beta of 1.20. Zedge has a twelve month low of $2.21 and a twelve month high of $4.70.
About Zedge
Zedge, Inc (NYSE American: ZDGE) operates a mobile-first digital content platform that enables users to discover, customize and share content for smartphones and other personal devices. Its principal consumer product is the Zedge app, which offers wallpapers, video wallpapers, ringtones, notification sounds, stickers and other personalization content.
The company provides both free and premium content, with offerings from independent creators as well as technology-assisted and user-generated content.
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