Atrinsic (NASDAQ:PTIX) Shares Down 6.3% – Here’s Why

Atrinsic Inc. (NASDAQ:PTIX – Get Free Report)’s stock price dropped 6.3% during mid-day trading on Thursday. The company traded as low as $0.75 and last traded at $0.75. 161 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 27,332 shares. The stock had previously closed at $0.80.

Atrinsic Stock Performance

The company has a 50 day moving average of $0.79 and a 200 day moving average of $0.58. The stock has a market capitalization of $1.36 million, a price-to-earnings ratio of -0.09 and a beta of 1.84.

Atrinsic Company Profile

(Get Free Report)

Atrinsic, Inc was a digital marketing and online advertising company that operated during the 2000s and early 2010s. Its business focused on customer acquisition, performance-based marketing and direct-response campaigns conducted through online channels.

The company used websites, email marketing, search marketing and other digital media to promote products and services for advertisers and merchants. Its activities were primarily directed at internet users in the United States, although online marketing programs could reach consumers in other markets.

Atrinsic is no longer the operating name associated with the company.

Further Reading

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