Auddia (NASDAQ:AUUD) Trading Down 7.8% – Here’s What Happened

Shares of Auddia Inc. (NASDAQ:AUUDGet Free Report) fell 7.8% during trading on Thursday . The company traded as low as $0.9501 and last traded at $0.9501. 150,857 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 179,280 shares. The stock had previously closed at $1.03.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Read Our Latest Report on Auddia

Auddia Stock Down 7.8%

The company’s fifty day simple moving average is $1.26 and its 200 day simple moving average is $3.66. The firm has a market capitalization of $5.51 million, a PE ratio of -0.02 and a beta of 0.50.

Auddia (NASDAQ:AUUDGet Free Report) last posted its earnings results on Friday, May 15th. The company reported ($5.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($5.00) by ($0.09).

Institutional Investors Weigh In On Auddia

A hedge fund recently bought a new position in Auddia stock. Geode Capital Management LLC acquired a new stake in shares of Auddia Inc. (NASDAQ:AUUDFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned 0.86% of Auddia at the end of the most recent quarter.

About Auddia

(Get Free Report)

Auddia Inc (NASDAQ: AUUD) develops and markets patented audio solutions that transform how live and recorded content is distributed and accessed. Through its subsidiaries AudioFetch and Podscribe, the company offers plug-and-play hardware and software for venues such as restaurants, fitness centers, and corporate waiting areas to stream live radio and other audio channels directly to patrons’ smartphones. In parallel, Auddia’s automated speech-to-text technology powers real-time closed captioning for live radio broadcasts and on-demand transcription services for podcast publishers.

The AudioFetch platform, integrated into venue networks, captures local audio feeds and delivers them via a branded mobile app or web portal.

See Also

Receive News & Ratings for Auddia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Auddia and related companies with MarketBeat.com's FREE daily email newsletter.