Shares of Paltalk, Inc. (OTCMKTS:PALT – Get Rating) traded up 1.2% during mid-day trading on Thursday . The company traded as high as $1.74 and last traded at $1.70. 5,880 shares were traded during mid-day trading, a decline of 98% from the average session volume of 344,031 shares. The stock had previously closed at $1.68.
Analyst Upgrades and Downgrades
Separately, Maxim Group reissued a “hold” rating on shares of Paltalk in a report on Tuesday, August 9th.
Paltalk Stock Performance
The firm has a 50 day moving average price of $1.83 and a two-hundred day moving average price of $2.15. The firm has a market capitalization of $16.53 million, a P/E ratio of -6.54 and a beta of -0.34.
Institutional Trading of Paltalk
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Paltalk by 69.6% in the first quarter. Vanguard Group Inc. now owns 91,272 shares of the company’s stock valued at $236,000 after purchasing an additional 37,454 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Paltalk by 137.7% in the second quarter. Millennium Management LLC now owns 36,208 shares of the company’s stock valued at $73,000 after purchasing an additional 20,975 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Paltalk in the first quarter valued at $66,000. Hedge funds and other institutional investors own 1.80% of the company’s stock.
Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. The company offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and Vumber, a telecommunications application that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user's existing cell phone or landline telephone number.
- Get a free copy of the StockNews.com research report on Paltalk (PALT)
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