WaveDancer (NASDAQ:WAVD) Shares Scheduled to Reverse Split on Tuesday, August 13th

Shares of WaveDancer, Inc. (NASDAQ:WAVD) are scheduled to reverse split on Tuesday, August 13th. The 1-3 reverse split was announced on Friday, August 9th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 12th.

WaveDancer Stock Performance

NASDAQ:WAVD traded up $0.21 during midday trading on Friday, reaching $2.18. The stock had a trading volume of 285,210 shares, compared to its average volume of 98,677. The firm’s fifty day simple moving average is $2.12 and its 200-day simple moving average is $2.36. WaveDancer has a 1-year low of $1.06 and a 1-year high of $5.30.

WaveDancer (NASDAQ:WAVD) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.33) earnings per share (EPS) for the quarter. WaveDancer had a negative net margin of 17.55% and a negative return on equity of 57.30%. The firm had revenue of $1.92 million for the quarter.

Hedge Funds Weigh In On WaveDancer

An institutional investor recently raised its position in WaveDancer stock. Waldron Private Wealth LLC boosted its holdings in WaveDancer, Inc. (NASDAQ:WAVD) by 200.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. Waldron Private Wealth LLC owned about 1.49% of WaveDancer worth $62,000 at the end of the most recent quarter. Institutional investors own 4.96% of the company’s stock.

WaveDancer Company Profile

WaveDancer, Inc develops and maintains information technology systems in the United States. The company also modernizes client information systems; and offers other IT-related professional services to government and commercial organizations. In addition, it offers IT consulting, development, training, migration, and on-site project support; and software development, system modernizations, cloud services, and cybersecurity services.