Zedge (NYSEAMERICAN:ZDGE) Trading 16% Higher

Zedge, Inc. (NYSEAMERICAN:ZDGE) shares traded up 16% on Wednesday . The stock traded as high as $7.75 and last traded at $6.97. 881,730 shares changed hands during trading, an increase of 311% from the average session volume of 214,404 shares. The stock had previously closed at $6.01.

Separately, TheStreet upgraded shares of Zedge from a “d” rating to a “c-” rating in a research report on Friday, October 23rd.

The stock’s 50 day moving average price is $4.73.

Zedge (NYSEAMERICAN:ZDGE) last announced its quarterly earnings data on Thursday, December 10th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $3.76 million for the quarter.

A hedge fund recently bought a new stake in Zedge stock. National Asset Management Inc. acquired a new stake in shares of Zedge, Inc. (NYSEAMERICAN:ZDGE) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 24,500 shares of the company’s stock, valued at approximately $36,000. National Asset Management Inc. owned approximately 0.21% of Zedge at the end of the most recent quarter.

About Zedge (NYSEAMERICAN:ZDGE)

Zedge, Inc operates a digital publishing and content platform worldwide. Its platform enables consumers to personalize their mobile devices with ringtones, wallpapers, home screen app icons, widgets, and notification sounds. The company was incorporated in 2008 and is based in New York, New York.

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