Super League Enterprise (NASDAQ:SLE) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Super League Enterprise, Inc. (NASDAQ:SLE) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $4.06 and traded as low as $3.87. Super League Enterprise shares last traded at $3.97, with a volume of 65,119 shares.

Analyst Ratings Changes

SLE has been the subject of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Super League Enterprise in a report on Thursday, October 15th. Wall Street Zen upgraded shares of Super League Enterprise to a “hold” rating in a research note on Saturday, October 3rd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Super League Enterprise presently has an average rating of “Hold”.

Super League Enterprise Trading Down 7.0%

The company has a market capitalization of $6.75 million, a P/E ratio of -0.10 and a beta of 1.45. The stock has a 50 day moving average price of $4.83 and a 200 day moving average price of $4.06.

Super League Enterprise (NASDAQ:SLE) last issued its quarterly earnings data on Friday, August 14th. The company reported ($2.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.42) by ($1.28). Super League Enterprise had a negative return on equity of 201.00% and a negative net margin of 185.60%. The firm had revenue of $3.01 million for the quarter, compared to the consensus estimate of $3.40 million.

Institutional Trading of Super League Enterprise

An institutional investor recently raised its stake in Super League Enterprise stock. SBI Securities Co. Ltd. increased its position in Super League Enterprise, Inc. (NASDAQ:SLE) by 737,900.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,380 shares of the company’s stock after buying an additional 7,379 shares during the quarter. SBI Securities Co. Ltd. owned 0.44% of Super League Enterprise worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 2.06% of the company’s stock.

Super League Enterprise Company Profile

Super League Enterprise, Inc. is a digital media and technology company that develops and operates entertainment experiences across popular video game and immersive virtual-world platforms. The company helps brands, advertisers, game publishers and other partners reach gaming audiences through interactive content, community programs and virtual experiences. Its services include the creation of branded activations, virtual events, original gaming content, social and community programming, and advertising solutions.