Phunware, Inc. (NASDAQ:PHUN) shares gapped down prior to trading on Tuesday . The stock had previously closed at $2.32, but opened at $1.79. Phunware shares last traded at $1.76, with a volume of 56,639 shares changing hands.
Separately, Zacks Investment Research lowered shares of Phunware from a “hold” rating to a “sell” rating in a research note on Tuesday, November 24th.
The stock’s 50-day moving average price is $1.90 and its 200 day moving average price is $1.17. The company has a debt-to-equity ratio of 8.49, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $120.07 million, a P/E ratio of -3.74 and a beta of 12.85.
About Phunware (NASDAQ:PHUN)
Phunware, Inc, together with its subsidiaries, provides multiscreen-as-a-service (MaaS) enterprise cloud platform for mobile devices worldwide. Its platform enables brands to engage, manage, and monetize their mobile application portfolios. The company offers platforms as software-as-a-service, application transactions media, and data licensing.
Featured Article: What is total return in investing?
Receive News & Ratings for Phunware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phunware and related companies with MarketBeat.com's FREE daily email newsletter.