Algorhythm (NASDAQ:RIME) Rating Increased to Hold at Wall Street Zen

Algorhythm (NASDAQ:RIMEGet Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Friday.

Separately, Litchfield Hills Research raised Algorhythm to a “strong-buy” rating and set a $5.00 target price for the company in a research report on Wednesday, June 4th.

Read Our Latest Analysis on Algorhythm

Algorhythm Stock Down 2.5%

NASDAQ:RIME opened at $2.38 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.34 and a quick ratio of 1.06. The business has a fifty day simple moving average of $2.59 and a two-hundred day simple moving average of $4.60. Algorhythm has a 1 year low of $1.71 and a 1 year high of $157.22.

About Algorhythm

(Get Free Report)

Algorhythm Holdings, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.

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