Wall Street Zen Downgrades Simpple (NASDAQ:SPPL) to Sell

Simpple (NASDAQ:SPPL) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Simpple Stock Performance

Shares of NASDAQ SPPL opened at $2.37 on Friday. 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 business’s 50 day moving average price is $2.55 and its two-hundred day moving average price is $2.70. Simpple has a twelve month low of $1.50 and a twelve month high of $7.00.

Hedge Funds Weigh In On Simpple

A hedge fund recently bought a new position in Simpple stock. Squarepoint Ops LLC purchased a new stake in Simpple Ltd. (NASDAQ:SPPL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned 0.23% of Simpple at the end of the most recent reporting period. 0.01% of the stock is currently owned by institutional investors.

Simpple Company Profile

Simpple Ltd. is a Singapore-based technology company that provides artificial intelligence-driven smart-building and facilities-management solutions. Its software is designed to help organizations monitor and manage building operations, improve workforce productivity, and make facility services more efficient.

The company’s platform combines artificial intelligence, machine learning, Internet of Things connectivity, and data analytics. Its solutions support activities such as cleaning management, maintenance, inspection and work-order tracking, workforce allocation, occupancy monitoring, and operational reporting.