B. Riley Wealth Advisors Inc. Cuts Position in Zedge, Inc. (NYSEAMERICAN:ZDGE)

B. Riley Wealth Advisors Inc. cut its stake in Zedge, Inc. (NYSEAMERICAN:ZDGE) by 17.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,541 shares of the company’s stock after selling 8,625 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.30% of Zedge worth $98,000 at the end of the most recent quarter.

Zedge Trading Up 1.0 %

Shares of ZDGE stock opened at $3.05 on Friday. Zedge, Inc. has a 1-year low of $1.68 and a 1-year high of $5.18. The firm has a market cap of $42.55 million, a P/E ratio of -4.77 and a beta of 1.14.

Zedge (NYSEAMERICAN:ZDGE) last issued its quarterly earnings results on Monday, June 10th. The company reported $0.03 EPS for the quarter. The company had revenue of $7.66 million during the quarter. Zedge had a positive return on equity of 3.55% and a negative net margin of 30.68%.

About Zedge

Zedge, Inc builds digital marketplaces and competitive games around content that people use to express themselves. It offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds.