Simpple (NASDAQ:SPPL) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Simpple (NASDAQ:SPPL) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Simpple in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Simpple Stock Up 9.7%

Shares of NASDAQ:SPPL opened at $2.37 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $2.55 and a 200-day moving average price of $2.71. Simpple has a 12 month low of $1.50 and a 12 month high of $7.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Simpple stock. Squarepoint Ops LLC bought a new position in Simpple Ltd. (NASDAQ:SPPL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned approximately 0.23% of Simpple at the end of the most recent quarter. 0.01% of the stock is owned by institutional investors.

About Simpple

Simpple Ltd. is a Singapore-based technology company that provides artificial intelligence-driven smart-building and facilities-management solutions. Its software is designed to help organizations monitor and manage building operations, improve workforce productivity, and make facility services more efficient.

The company’s platform combines artificial intelligence, machine learning, Internet of Things connectivity, and data analytics. Its solutions support activities such as cleaning management, maintenance, inspection and work-order tracking, workforce allocation, occupancy monitoring, and operational reporting.