Infobird (NASDAQ:IFBD) Stock Falls 0.2% – Here’s What Happened

Infobird Co., Ltd. (NASDAQ:IFBD)’s stock price dropped 0.2% on Tuesday. The company traded as low as $0.8904 and last traded at $0.9180. 4,754 shares traded hands during mid-day trading, an increase of 54% from the average session volume of 3,091 shares. The stock had previously closed at $0.9201.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Infobird from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Infobird currently has an average rating of “Sell”.

Infobird Stock Performance

The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $1.01 and a 200 day moving average price of $1.01.

Infobird (NASDAQ:IFBD) last announced its quarterly earnings results on Thursday, September 24th. The company reported ($0.94) earnings per share (EPS) for the quarter. The company had revenue of $0.93 million for the quarter.

About Infobird

Infobird Co, Ltd. is a China-based software-as-a-service company that provides customer engagement and customer relationship management solutions. Its offerings are designed to help businesses manage customer interactions, sales activities, service operations, and related workflows through cloud-based software.

The company’s products and services include cloud contact-center and customer-service platforms, customer relationship management tools, sales and marketing applications, and artificial intelligence-enabled solutions.