Simpple (NASDAQ:SPPL) Stock Rating Upgraded by Wall Street Zen

Simpple (NASDAQ:SPPL) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Simpple in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Simpple has an average rating of “Sell”.

Simpple Stock Down 1.4%

SPPL opened at $2.06 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.80. The company’s 50-day moving average is $2.41 and its 200 day moving average is $2.69. Simpple has a fifty-two week low of $1.50 and a fifty-two week high of $7.00.

Hedge Funds Weigh In On Simpple

A hedge fund recently bought a new stake in Simpple stock. Squarepoint Ops LLC purchased a new stake in shares of Simpple Ltd. (NASDAQ:SPPL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned 0.23% of Simpple as of its most recent filing with the Securities & Exchange Commission. 0.01% of the stock is currently owned by institutional investors and hedge funds.

About Simpple

Simpple Ltd. is a Singapore-based technology company that provides artificial intelligence-driven smart-building and facilities-management solutions. Its software is designed to help organizations monitor and manage building operations, improve workforce productivity, and make facility services more efficient.

The company’s platform combines artificial intelligence, machine learning, Internet of Things connectivity, and data analytics. Its solutions support activities such as cleaning management, maintenance, inspection and work-order tracking, workforce allocation, occupancy monitoring, and operational reporting.