Shares last traded at $1.23 a bit higher than the 50 day moving average which is $1.14 and quite a bit lower than the 200 day moving average of $1.53. The 50 day moving average was up $0.09 or +7.79% and the 200 day average moved down $-0.30. 30K shares changed hands by the end of trading on Tuesday. Trading volume was down 91.34% under the stocks average daily volume.
Traders are a little more bullish on shares of Perion Network Ltd – ordinary s if you look at the downtick in short interest. The stock experienced a fall in short interest of -15.91% between September 15, 2017 and September 29, 2017. Short shares fell from 203,421 to 171,049 over that period. Days to cover decreased -2.0 to 1.0 and the percentage of shorted shares was 0.00% on September 29.
A few notable investment firms have updated their holdings. As of the end of the quarter Tower Research Capital LLC (trc) had sold a total of 7,984 shares trimming its position 96.9%. The value of the total investment in Perion Network Ltd – ordinary s went from $15,000 to $1,000 a change of $14,000 quarter to quarter. As of quarter end State Of Tennessee, Treasury Department had acquired 478 shares growing its holdings by 1.5%. The value of the company’s investment in Perion Network Ltd – ordinary s increased from $56,000 to $63,000 a change of 12.5% for the reporting period.
As of the end of the quarter Ubs Group Ag had acquired 143,568 shares growing its stake by 897,300.0%. The value in dollars went from $0 to $283,000 increasing inf% since the last quarter. As of the end of the quarter Acadian Asset Management LLC had acquired 4,564 shares growing its stake by 1.0%. The value of the investment in Perion Network Ltd – ordinary s went from $898,000 to $534,000 decreasing 40.5% quarter over quarter.
In the last earnings report the EPS was $-0.43 and is projected to be $0.25 for the current year with 77,550,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.10 with next year’s EPS projected to be $0.20.
Perion Network Ltd., launched on November 3, 1999, is a global technology company. The Company is involved in delivering advertising solutions to brands and publishers. The Company operates through High Impact Advertising solutions segment. Its geographic segments are North America (mainly the United States), Europe and Other. The Company provides execution, ranging from high-impact advertisement formats to branded search, and a unified social and mobile programmatic platform. The Business’s business solutions include Undertone, Codefuel, Growmobile, IncrediMail and Smilebox..