ReachLocal Inc. (RLOC) Sets New 52-Week High at $4.59
ReachLocal Inc. (NASDAQ:RLOC) reached a new 52-week high during trading on Tuesday . The company traded as high as $4.59 and last traded at $4.59, with a volume of 74,868 shares trading hands. The stock had previously closed at $4.57.
Separately, Piper Jaffray Cos. reaffirmed a “hold” rating and issued a $2.60 price objective on shares of ReachLocal in a research note on Thursday, June 2nd.
The company’s 50 day moving average price is $2.89 and its 200-day moving average price is $2.04. The stock’s market cap is $138.06 million.
ReachLocal (NASDAQ:RLOC) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.09. The company had revenue of $78.70 million for the quarter, compared to the consensus estimate of $77.70 million. The company’s revenue was down 21.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.35) earnings per share. On average, equities research analysts anticipate that ReachLocal Inc. will post ($0.51) earnings per share for the current year.
ReachLocal, Inc (ReachLocal) offers a technology suite of online marketing and reporting solutions designed to deliver efficacy and insight to its clients. The Company’s total digital marketing solution consists of products and solutions in three categories: software (ReachEdge and Kickserv), digital advertising (including ReachSearch, ReachDisplay and ReachRetargeting), and Web presence (including ReachSite + ReachEdge, ReachSEO, ReachCast and TotalLiveChat).
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