Oblong, Inc. (NYSE:OBLG – Get Free Report) traded down 5.2% on Friday . The company traded as low as $0.16 and last traded at $0.18. 1,040,784 shares traded hands during trading, a decline of 77% from the average session volume of 4,517,383 shares. The stock had previously closed at $0.19.
Oblong Stock Performance
The business’s 50 day moving average is $0.17 and its two-hundred day moving average is $0.16.
Oblong (NYSE:OBLG – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.07) earnings per share for the quarter. Oblong had a negative return on equity of 71.06% and a negative net margin of 126.57%. The firm had revenue of $0.63 million for the quarter.
About Oblong
Oblong, Inc, together with its subsidiaries, provides multi-stream collaboration technologies and managed services for video collaboration and network applications in the United States and internationally. The company operates in two segments, Collaboration Products and Managed Services. Its flagship product is Mezzanine that enables visual collaboration across multi-users, multi-screens, multi-devices, and multi-locations for video telepresence, laptop and application sharing, and whiteboard sharing and slides applications.
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