WaveDancer (NASDAQ:WAVD) Shares Down 9.1%

WaveDancer, Inc. (NASDAQ:WAVD) shares fell 9.1% during mid-day trading on Friday . The stock traded as low as $1.87 and last traded at $1.94. 16,779 shares traded hands during trading, a decline of 90% from the average session volume of 166,516 shares. The stock had previously closed at $2.14.

WaveDancer Stock Performance

The company has a market capitalization of $3.90 million, a price-to-earnings ratio of -0.34 and a beta of 2.95. The firm has a fifty day moving average price of $2.61 and a 200-day moving average price of $2.24.

Institutional Trading of WaveDancer

Several large investors have recently bought and sold shares of the business. Renaissance Technologies LLC acquired a new stake in WaveDancer in the second quarter valued at about $100,000. Pathstone Holdings LLC acquired a new stake in shares of WaveDancer during the fourth quarter valued at about $42,000. State Street Corp bought a new position in shares of WaveDancer during the second quarter worth about $33,000. Northern Trust Corp bought a new position in shares of WaveDancer during the second quarter worth about $25,000. Finally, Trueblood Wealth Management LLC bought a new position in shares of WaveDancer during the fourth quarter worth about $27,000. 4.96% of the stock is owned by institutional investors and hedge funds.

WaveDancer Company Profile

WaveDancer, Inc engages in development and maintenance of information technology systems, modernizing client information systems, and offers other IT-related professional services to government and commercial organizations in the United States. It also offers secure supply chain management software solution; consulting, development, training, and migration; and software development, system modernizations, cloud-based solutions, and cybersecurity services.