Stock Worth Mentioning: Zedge Inc Has Another Very Weak Trading Session

Stock Worth Mentioning: Zedge Inc Has Another Very Weak Trading Session

The stock of Zedge Inc (NYSEMKT:ZDGE) is a huge mover today! The stock decreased 9.76% or $0.37 on September 30, hitting $3.42. About 300,527 shares traded hands or 537.21% up from the average. Zedge Inc (NYSEMKT:ZDGE) has risen 6.00% since September 1, 2016 and is uptrending. It has underperformed by 4.42% the S&P500.
The move comes after 6 months negative chart setup for the $31.19 million company. It was reported on Oct, 1 by Barchart.com. We have $2.94 PT which if reached, will make NYSEMKT:ZDGE worth $4.37 million less.

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 Seekingalpha.com with their article: “Zedge: Quality Business With Potentially Dramatic Upside” published on July 05, 2016, Businesswire.com published: “Zedge Announces Fourth Quarter and Full Year Fiscal 2016 Results” on September 29, 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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