iOThree (NASDAQ:IOTR) Posts Quarterly Earnings Results

iOThree (NASDAQ:IOTR) announced its quarterly earnings data on Tuesday. The company reported ($0.22) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $3.68 million for the quarter.

iOThree Trading Down 4.9%

Shares of NASDAQ IOTR traded down $0.13 during mid-day trading on Tuesday, hitting $2.52. 9,180 shares of the stock traded hands, compared to its average volume of 1,087,310. The stock has a fifty day moving average price of $2.72 and a 200-day moving average price of $2.67. iOThree has a 52 week low of $1.51 and a 52 week high of $7.47.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of iOThree from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

iOThree Company Profile

We are a leading provider of maritime digital technologies including satellite connectivity and digitalization solutions in Singapore focused on facilitating the maritime industry towards digital transformation. Based on the Frost & Sullivan Report, as of March 31, 2024, we ranked fifth in the Singaporean market based on revenue from the provision of maritime connectivity and digital solutions with a market share of approximately 6.2%. Our company was established to adopt an innovative approach towards the management of solutions accustomed to contemporary needs and drive the digital evolution in the maritime industry.