Onvia, Inc. (NASDAQ:ONVI) Posts Earnings Results
Onvia, Inc. (NASDAQ:ONVI) announced its quarterly earnings results on Thursday. The business services provider reported ($0.10) EPS for the quarter, RTT News reports. Onvia had a negative net margin of 6.74% and a negative return on equity of 44.63%. The firm had revenue of $6.14 million for the quarter.
Shares of Onvia (NASDAQ:ONVI) traded up 2.22% during mid-day trading on Friday, hitting $4.60. The stock had a trading volume of 261 shares. Onvia has a 12 month low of $3.90 and a 12 month high of $5.25. The firm has a 50 day moving average price of $4.37 and a 200-day moving average price of $4.44. The stock’s market cap is $33.18 million.
In other news, insider Irvine N. Alpert sold 21,998 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $4.25, for a total value of $93,491.50. Following the completion of the transaction, the insider now directly owns 68,662 shares in the company, valued at approximately $291,813.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 29,498 shares of company stock valued at $126,617 over the last quarter. Company insiders own 19.81% of the company’s stock.
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Onvia, Inc (Onvia) is a provider of business information and research solutions that help companies plan, market and sell to government agencies throughout the United States. The Company’s business solutions provide clients online access to its information about government procurement activity across local, state and federal government agencies.
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