QuoteMedia (OTCMKTS:QMCI) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of QuoteMedia Inc. (OTCMKTS:QMCI) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.15 and traded as low as $0.15. QuoteMedia shares last traded at $0.1520, with a volume of 113,348 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded QuoteMedia to a “hold” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, QuoteMedia presently has an average rating of “Hold”.

QuoteMedia Stock Up 1.3%

The company’s 50-day moving average price is $0.15 and its 200-day moving average price is $0.15. The firm has a market cap of $13.75 million, a price-to-earnings ratio of -5.07 and a beta of 0.01.

QuoteMedia (OTCMKTS:QMCI) last released its earnings results on Thursday, May 14th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $5.53 million for the quarter, compared to analyst estimates of $5.52 million. Analysts predict that QuoteMedia Inc. will post -0.01 earnings per share for the current fiscal year.

About QuoteMedia

QuoteMedia, Inc is a Canada-based provider of digital market data and financial content solutions, founded in 1999 and headquartered in Montreal, Quebec. The company specializes in aggregating real-time and historical market information from major exchanges in North America and beyond, offering a range of delivery options to suit client needs. Its cloud-based infrastructure supports high-volume streaming and on-demand access to equity, ETF, mutual fund and fixed-income data.

The firm’s core product suite includes streaming quote and charting services, RESTful and WebSocket APIs, embeddable financial widgets and customizable portfolio-management tools.