Sizmek Inc. (SZMK) Sees Unusually-High Trading Volume
Sizmek Inc. (NASDAQ:SZMK) saw an uptick in trading volume on Thursday . 652,163 shares changed hands during mid-day trading, an increase of 29% from the previous session’s volume of 506,928 shares.The stock last traded at $3.87 and had previously closed at $3.89.
Separately, Zacks Investment Research cut Sizmek from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th.
The company’s market capitalization is $113.04 million. The stock’s 50-day moving average is $2.75 and its 200 day moving average is $2.82.
Sizmek (NASDAQ:SZMK) last released its earnings results on Wednesday, August 3rd. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.10. The business earned $48.90 million during the quarter, compared to analyst estimates of $40.20 million. On average, equities analysts expect that Sizmek Inc. will post ($0.25) earnings per share for the current fiscal year.
Other large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Sizmek by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,257,538 shares of the company’s stock valued at $4,590,000 after buying an additional 4,881 shares in the last quarter. Royce & Associates LLC raised its stake in shares of Sizmek by 1.0% in the fourth quarter. Royce & Associates LLC now owns 417,750 shares of the company’s stock valued at $1,525,000 after buying an additional 4,200 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Sizmek by 3.1% in the fourth quarter. Morgan Stanley now owns 296,732 shares of the company’s stock valued at $1,083,000 after buying an additional 8,935 shares in the last quarter.
Sizmek Inc (Sizmek) is an open ad management company. The Company operates an independent online advertisement campaign management and distribution platform. The Company helps advertisers, agencies and publishers engage with consumers across multiple online media channels (mobile, display, video and social).
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