TruGolf (NASDAQ:TRUG) Trading Down 5.8% – Here’s What Happened

TruGolf Holdings, Inc. (NASDAQ:TRUG) shares dropped 5.8% during mid-day trading on Friday . The company traded as low as $0.58 and last traded at $0.6499. Approximately 323,058 shares traded hands during trading, an increase of 234% from the average daily volume of 96,607 shares. The stock had previously closed at $0.69.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TruGolf in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, TruGolf presently has an average rating of “Hold”.

TruGolf Stock Down 5.8%

The firm’s 50 day moving average price is $0.78 and its two-hundred day moving average price is $1.62. The firm has a market capitalization of $1.68 million, a PE ratio of -0.01 and a beta of -1.02. The company has a quick ratio of 1.10, a current ratio of 1.28 and a debt-to-equity ratio of 0.24.

About TruGolf

TruGolf, Inc is a technology company specializing in golf simulation and indoor entertainment solutions. The company designs and manufactures advanced golf simulator hardware that captures swing data and ball flight metrics, allowing users to experience realistic play on virtual renditions of world-renowned golf courses. TruGolf’s integrated systems combine high-speed cameras, infrared sensors and proprietary software to deliver real-time feedback for both recreational and instructional purposes.

In addition to its hardware offerings, TruGolf develops immersive simulation software that features detailed 3D course graphics, customizable practice modes and multiplayer functionality.