Shares of Anghami Inc. (NASDAQ:ANGH – Get Free Report) rose 1.6% during trading on Wednesday. The stock traded as high as $3.68 and last traded at $3.6260. Approximately 3,010 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 8,743 shares. The stock had previously closed at $3.57.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered shares of Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
Get Our Latest Research Report on ANGH
Anghami Trading Up 3.7%
Anghami Company Profile
Anghami Inc operates a digital music and audio streaming platform serving listeners primarily in the Middle East and North Africa. Its service provides access to a broad catalog of Arabic and international music, along with podcasts and other audio content, through mobile and web applications.
The platform uses a combination of advertising-supported access and paid subscription plans. Anghami also works with telecommunications operators and other commercial partners to distribute its service and offer bundled subscriptions.
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