Oblong (NYSE:OBLG) Shares Down 3.6% – Time to Sell?

Oblong, Inc. (NYSE:OBLG) shares were down 3.6% during mid-day trading on Wednesday . The company traded as low as $3.60 and last traded at $3.71. Approximately 28,153 shares traded hands during trading, a decline of 91% from the average daily volume of 297,491 shares. The stock had previously closed at $3.85.

Oblong Trading Down 3.6 %

The business’s fifty day moving average price is $3.90 and its 200 day moving average price is $1.53.

Oblong (NYSE:OBLG) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($1.60) earnings per share for the quarter. Oblong had a negative net margin of 138.72% and a negative return on equity of 78.25%. The company had revenue of $0.61 million during the quarter.

Oblong Company Profile

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.