Simpple (NASDAQ:SPPL) Trading Down 7% – Here’s What Happened

Simpple Ltd. (NASDAQ:SPPL)’s share price dropped 7% on Friday . The stock traded as low as $4.00 and last traded at $4.00. Approximately 3,939 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 4,358 shares. The stock had previously closed at $4.30.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Simpple in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Simpple Stock Performance

The firm has a 50 day moving average price of $5.57 and a two-hundred day moving average price of $3.97.

Institutional Trading of Simpple

A hedge fund recently bought a new stake in Simpple stock. Connective Capital Management LLC bought a new position in Simpple Ltd. (NASDAQ:SPPL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned 0.16% of Simpple at the end of the most recent reporting period. Institutional investors and hedge funds own 0.01% of the company’s stock.

About Simpple

Simpple Ltd. provides advanced technology solutions in Singapore. The company engages in the sale, warranty, and maintenance of autonomous robotic cleaning equipment. It also offers SIMPPLE Ecosystem platform includes SIMPPLE Software, a software platform comprising modules related to quality management, workflow management, and people management; SIMPPLE PLUS, which offers complimentary peripherals, such as IoT sensors and robotic solutions that add value to the entire ecosystem that the company distributes, sells, and manages; and SIMPPLE.AI, a next generation facilities management autonomic intelligence engine that automates robotic and human workforce deployments.