ReachLocal Inc. (RLOC) Sets New 1-Year High at $4.59
ReachLocal Inc. (NASDAQ:RLOC) reached a new 52-week high on Monday . The stock traded as high as $4.59 and last traded at $4.58, with a volume of 87,178 shares traded. The stock had previously closed at $4.59.
Separately, Piper Jaffray Cos. reiterated a “hold” rating and issued a $2.60 price objective on shares of ReachLocal in a report on Thursday, June 2nd.
The stock’s market capitalization is $138.06 million. The stock has a 50-day moving average of $3.34 and a 200 day moving average of $2.17.
ReachLocal (NASDAQ:RLOC) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.09. During the same period last year, the firm posted ($0.35) earnings per share. The firm earned $78.70 million during the quarter, compared to the consensus estimate of $77.70 million. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. On average, equities research analysts expect that ReachLocal Inc. will post ($0.51) earnings per share for the current fiscal 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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