RealNetworks (RNWK) Hits New 52-Week Low at $2.45
Shares of RealNetworks Inc (NASDAQ:RNWK) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.45 and last traded at $2.45, with a volume of 4589 shares trading hands. The stock had previously closed at $2.55.
RealNetworks (NASDAQ:RNWK) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.07). The company had revenue of $15.72 million during the quarter. RealNetworks had a negative net margin of 18.52% and a negative return on equity of 26.75%.
In related news, CEO Robert Glaser purchased 8,603 shares of RealNetworks stock in a transaction dated Friday, August 3rd. The stock was bought at an average cost of $3.49 per share, for a total transaction of $30,024.47. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders bought 82,160 shares of company stock valued at $286,003. 39.50% of the stock is owned by company insiders.
About RealNetworks (NASDAQ:RNWK)
RealNetworks, Inc provides network-delivered digital media applications and services to manage, play, and share digital media. Its Consumer Media segment offers RealPlayer media player software, which enables consumers to discover, play, download, manage and edit digital video, stream audio and video, download and save photos and videos from the Web, transfer and share content on social networks, and edit their own photo and video content.
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