Breaking: Zedge Inc Surges to Yearly Low, Is Now Worst Performer

Breaking: Zedge Inc Surges to Yearly Low, Is Now Worst Performer

The stock of Zedge Inc (NYSEMKT:ZDGE) hit a new 52-week low and has $3.16 target or 11.00% below today’s $3.55 share price. The 6 months bearish chart indicates high risk for the $32.37M company. The 1-year low was reported on Sep, 30 by Barchart.com. If the $3.16 price target is reached, the company will be worth $3.56M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 234,456 shares traded hands or 397.12% up from the average. Zedge Inc (NYSEMKT:ZDGE) has risen 6.00% since August 31, 2016 and is uptrending. It has underperformed by 4.42% the S&P500.

According to Zacks Investment Research, “Zedge, Inc. offers content distribution platforms for both creators and consumers. The Company enables consumers to personalize their mobile devices with free ringtones, wallpapers, home screen application icons and notification sounds. Zedge, Inc. is based in New York, United States.”

More notable recent Zedge Inc (NYSEMKT:ZDGE) news were published by: Seekingalpha.com which released: “Recent Spin-Off Zedge: Precursor In Device Personalization” on July 14, 2016, also Businesswire.com with their article: “Zedge Announces Fourth Quarter and Full Year Fiscal 2016 Results” published on September 29, 2016, Seekingalpha.com published: “Zedge: Quality Business With Potentially Dramatic Upside” on July 05, 2016. More interesting news about Zedge Inc (NYSEMKT:ZDGE) were released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” published on July 26, 2015 as well as Businesswire.com‘s news article titled: “Zedge Announces Completion of Its Spin-off from IDT” with publication date: June 02, 2016.

ZDGE Company Profile

Zedge, Inc. (Zedge) provides content distribution platforms for both creators and consumers. The Company’s platform enables clients to personalize their mobile devices with ringtones, wallpapers, home screen application icons and notification sounds. The Company’s smartphone application is available in Google Play, iTunes and Microsoft Market application stores. Users primarily access Zedge from its smartphone application, which offers clients a way to customize their phones without handing over various elements of the operating system to a third-party user. Depending on the phone’s mobile operating system, users can select personalization content from various categories, including ringtones, alarms, notification sounds, wallpapers and application icons.

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