Simpple (NASDAQ:SPPL) Trading Down 0.8% – Here’s Why

Simpple Ltd. (NASDAQ:SPPL)’s share price was down 0.8% on Monday . The stock traded as low as $3.83 and last traded at $3.89. Approximately 2,220,656 shares were traded during mid-day trading, an increase of 22% from the average session volume of 1,819,733 shares. The stock had previously closed at $3.92.

Analysts Set New Price Targets

SPPL has been the subject of several analyst reports. Wall Street Zen raised Simpple to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Simpple in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Simpple Price Performance

The company has a 50-day moving average price of $3.11 and a two-hundred day moving average price of $3.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.80.

Simpple (NASDAQ:SPPL) last announced its earnings results on Wednesday, April 8th. The company reported ($0.16) EPS for the quarter. The company had revenue of $0.92 million during the quarter.

Institutional Investors Weigh In On Simpple

A hedge fund recently bought a new stake in Simpple stock. Connective Capital Management LLC acquired a new stake in shares of Simpple Ltd. (NASDAQ:SPPL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned approximately 0.16% of Simpple as of its most recent SEC filing. 0.01% of the stock is owned by institutional investors and hedge funds.

Simpple Company Profile

Simpple Ltd. provides advanced technology solutions in Singapore. The company engages in the sale, warranty, and maintenance of autonomous robotic cleaning equipment. It also offers SIMPPLE Ecosystem platform includes SIMPPLE Software, a software platform comprising modules related to quality management, workflow management, and people management; SIMPPLE PLUS, which offers complimentary peripherals, such as IoT sensors and robotic solutions that add value to the entire ecosystem that the company distributes, sells, and manages; and SIMPPLE.AI, a next generation facilities management autonomic intelligence engine that automates robotic and human workforce deployments.