TaoWeave (NASDAQ:TWAV) Issues Earnings Results

TaoWeave (NASDAQ:TWAV) released its earnings results on Friday. The company reported ($0.84) EPS for the quarter, Zacks reports. TaoWeave had a negative net margin of 158.05% and a negative return on equity of 62.58%.

TaoWeave Price Performance

TWAV stock traded down $0.12 during mid-day trading on Friday, reaching $1.28. The company had a trading volume of 17,965 shares, compared to its average volume of 672,738. The company has a market capitalization of $4.43 million, a PE ratio of -1.12 and a beta of 2.52. The firm has a 50 day moving average of $1.38 and a 200 day moving average of $1.42. TaoWeave has a 12 month low of $0.58 and a 12 month high of $3.89.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TaoWeave in a report on Wednesday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of TaoWeave

Large investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of TaoWeave during the third quarter valued at $39,000. XTX Topco Ltd purchased a new stake in shares of TaoWeave in the 4th quarter worth approximately $30,000. Citadel Advisors LLC bought a new position in shares of TaoWeave during the third quarter valued at approximately $56,000. Two Sigma Investments LP purchased a new position in TaoWeave during the third quarter valued at approximately $58,000. Finally, Boothbay Fund Management LLC bought a new position in TaoWeave in the third quarter worth approximately $120,000. Hedge funds and other institutional investors own 1.98% of the company’s stock.

About TaoWeave

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.