Infobird (NASDAQ:IFBD) Stock Falls 0.3% – Here’s What Happened

Infobird Co., Ltd. (NASDAQ:IFBD)’s stock price traded down 0.3% during trading on Friday. The stock traded as low as $0.7076 and last traded at $0.7380. 10,864 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 58,545 shares. The stock had previously closed at $0.7401.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Infobird from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, October 26th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Infobird currently has an average rating of “Sell”.

Infobird Trading Down 0.3%

The firm’s 50-day moving average price is $0.91 and its two-hundred day moving average price is $0.97.

Infobird (NASDAQ:IFBD) last issued its earnings results on Thursday, September 24th. The company reported ($0.94) earnings per share (EPS) for the quarter. The firm had revenue of $0.93 million for the quarter.

Infobird Company Profile

Infobird Co, Ltd. (NASDAQ: IFBD) is a China-based software-as-a-service provider focused on artificial intelligence and customer engagement technologies. The company develops cloud-based solutions designed to help businesses manage customer service operations, improve interactions and automate routine support activities.

Its products and services include intelligent customer service platforms, cloud contact-center software, customer relationship management tools, chatbots and other AI-enabled applications.