Simpple (NASDAQ:SPPL) Trading Down 0.8% – Time to Sell?

Simpple Ltd. (NASDAQ:SPPL)’s stock price traded down 0.8% during trading on Monday . The stock traded as low as $3.83 and last traded at $3.89. 2,220,656 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 1,819,733 shares. The stock had previously closed at $3.92.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SPPL shares. Wall Street Zen upgraded shares of Simpple to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Simpple Stock Down 0.8%

The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.80. The company has a 50-day simple moving average of $3.08 and a 200-day simple moving average of $3.04.

Simpple (NASDAQ:SPPL) last announced its earnings results on Wednesday, April 8th. The company reported ($0.16) EPS for the quarter. The firm had revenue of $0.92 million during the quarter.

Institutional Investors Weigh In On Simpple

A hedge fund recently bought a new stake in Simpple stock. Connective Capital Management LLC acquired a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned about 0.16% of Simpple as of its most recent SEC filing. 0.01% of the stock is owned by institutional investors and hedge funds.

Simpple Company Profile

Simpple Ltd. provides advanced technology solutions in Singapore. The company engages in the sale, warranty, and maintenance of autonomous robotic cleaning equipment. It also offers SIMPPLE Ecosystem platform includes SIMPPLE Software, a software platform comprising modules related to quality management, workflow management, and people management; SIMPPLE PLUS, which offers complimentary peripherals, such as IoT sensors and robotic solutions that add value to the entire ecosystem that the company distributes, sells, and manages; and SIMPPLE.AI, a next generation facilities management autonomic intelligence engine that automates robotic and human workforce deployments.