QuoteMedia (OTCMKTS:QMCI) Issues Earnings Results

QuoteMedia (OTCMKTS:QMCI) announced its earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $5.53 million during the quarter, compared to analysts’ expectations of $5.52 million.

QuoteMedia Stock Performance

QuoteMedia stock remained flat at $0.18 during mid-day trading on Friday. 10,228 shares of the company’s stock were exchanged, compared to its average volume of 21,876. The stock has a market cap of $15.92 million, a price-to-earnings ratio of -5.86 and a beta of 0.03. The stock’s 50 day simple moving average is $0.15 and its 200 day simple moving average is $0.15. QuoteMedia has a 12-month low of $0.13 and a 12-month high of $0.18.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of QuoteMedia to a “hold” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat, QuoteMedia presently has a consensus rating of “Hold”.

About QuoteMedia

QuoteMedia, Inc is a Canada-based provider of digital market data and financial content solutions, founded in 1999 and headquartered in Montreal, Quebec. The company specializes in aggregating real-time and historical market information from major exchanges in North America and beyond, offering a range of delivery options to suit client needs. Its cloud-based infrastructure supports high-volume streaming and on-demand access to equity, ETF, mutual fund and fixed-income data.

The firm’s core product suite includes streaming quote and charting services, RESTful and WebSocket APIs, embeddable financial widgets and customizable portfolio-management tools.