Merit Financial Group LLC Sells 14,000 Shares of Zedge, Inc. (NYSEAMERICAN:ZDGE)

Merit Financial Group LLC trimmed its stake in shares of Zedge, Inc. (NYSEAMERICAN:ZDGE) by 23.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,600 shares of the company’s stock after selling 14,000 shares during the quarter. Merit Financial Group LLC’s holdings in Zedge were worth $110,000 at the end of the most recent reporting period.

Zedge Stock Down 1.0 %

ZDGE opened at $2.94 on Friday. The firm has a market cap of $41.25 million, a PE ratio of -2.45 and a beta of 1.08. Zedge, Inc. has a twelve month low of $1.68 and a twelve month high of $5.18.

Zedge (NYSEAMERICAN:ZDGE) last posted its quarterly earnings results on Friday, March 15th. The company reported $0.03 earnings per share for the quarter. Zedge had a positive return on equity of 4.80% and a negative net margin of 59.40%. The business had revenue of $7.77 million for the quarter.

Zedge Profile

Zedge, Inc builds digital marketplaces and competitive games around content that people use to express themselves. It offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds.