Oblong, Inc. (NYSE:OBLG – Get Free Report) shot up 1.5% during mid-day trading on Friday . The stock traded as high as $4.24 and last traded at $3.94. 38,107 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 38,454 shares. The stock had previously closed at $3.88.
Oblong Stock Up 1.5 %
The firm has a 50 day moving average price of $3.60 and a 200-day moving average price of $2.88.
Oblong (NYSE:OBLG – Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($11.25) earnings per share for the quarter. The firm had revenue of $0.58 million during the quarter. Oblong had a negative net margin of 158.75% and a negative return on equity of 89.12%.
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.
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