OBOOK Holdings Inc. (NASDAQ:OWLS – Get Free Report)’s stock price was down 6.2% on Wednesday . The company traded as low as $6.10 and last traded at $5.9910. Approximately 11,888 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 33,967 shares. The stock had previously closed at $6.39.
Analyst Upgrades and Downgrades
Separately, Benchmark assumed coverage on OBOOK in a research report on Wednesday, April 15th. They issued a “buy” rating and a $11.00 price objective for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, OBOOK presently has an average rating of “Buy” and an average target price of $11.00.
Check Out Our Latest Research Report on OBOOK
OBOOK Stock Down 2.3%
OBOOK (NASDAQ:OWLS – Get Free Report) last issued its earnings results on Monday, December 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $1.92 million during the quarter.
Hedge Funds Weigh In On OBOOK
An institutional investor recently bought a new position in OBOOK stock. Geode Capital Management LLC acquired a new stake in shares of OBOOK Holdings Inc. (NASDAQ:OWLS – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 36,325 shares of the company’s stock, valued at approximately $243,000.
OBOOK Company Profile
Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.
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