ReachLocal Inc. (NASDAQ:RLOC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $4.60 and last traded at $4.60, with a volume of 11,907 shares changing hands. The stock had previously closed at $4.60.

Separately, Piper Jaffray Cos. reaffirmed a “hold” rating and set a $2.60 price objective on shares of ReachLocal in a report on Thursday, June 2nd.

The stock’s 50 day moving average price is $4.16 and its 200 day moving average price is $2.37. The company’s market capitalization is $137.26 million.

ReachLocal (NASDAQ:RLOC) last released its earnings results on Friday, July 29th. The company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.09. 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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