Sizmek Inc. (SZMK) Sees Strong Trading Volume
Shares of Sizmek Inc. (NASDAQ:SZMK) saw unusually-high trading volume on Thursday . Approximately 652,163 shares were traded during 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 report on Wednesday, July 13th.
The company’s market cap is $112.75 million. The stock’s 50-day moving average is $2.79 and its 200-day moving average is $2.82.
Sizmek (NASDAQ:SZMK) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, topping 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. Equities analysts forecast that Sizmek Inc. will post ($0.25) EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of SZMK. Morgan Stanley boosted 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. Royce & Associates LLC boosted 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, Dimensional Fund Advisors LP boosted 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.
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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