Zedge (ZDGE) Announces Quarterly Earnings Results
Zedge (NYSEAMERICAN:ZDGE) announced its earnings results on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, Morningstar.com reports. The company had revenue of $3.05 million for the quarter. Zedge had a negative return on equity of 31.93% and a negative net margin of 30.84%.
Zedge (ZDGE) traded down $0.02 during mid-day trading on Wednesday, hitting $3.49. The stock had a trading volume of 1,646 shares, compared to its average volume of 20,486. Zedge has a 1 year low of $1.65 and a 1 year high of $3.71. The company has a market cap of $33.19 and a price-to-earnings ratio of -20.53.
Zedge, Inc is a provider of content distribution platforms, centered on self-expression, enabling both creators looking to promote their content and consumers utilizing such content to express their identity, feelings, tastes and interests. The Company’s platform enables consumers to personalize their mobile devices with free, ringtones, wallpapers, home screen application icons and notification sounds.
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