RTB Digital, Inc. Common Stock (NASDAQ:RTB) Issues Earnings Results

RTB Digital, Inc. Common Stock (NASDAQ:RTB) issued its quarterly earnings results on Friday. The company reported ($0.37) EPS for the quarter, Zacks reports. The firm had revenue of $3.41 million for the quarter. RTB Digital, Inc. Common Stock had a negative return on equity of 342.57% and a negative net margin of 216.56%.

RTB Digital, Inc. Common Stock Stock Performance

Shares of RTB traded down $0.63 during trading hours on Friday, hitting $4.90. The stock had a trading volume of 40,650 shares, compared to its average volume of 34,770. The firm has a 50-day moving average price of $7.97 and a 200 day moving average price of $8.78. RTB Digital, Inc. Common Stock has a fifty-two week low of $3.25 and a fifty-two week high of $20.75. The firm has a market capitalization of $71.00 million, a price-to-earnings ratio of -0.77 and a beta of 2.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.37 and a current ratio of 1.37.

Insider Buying and Selling

In other news, major shareholder Jason Christopher Dorsett purchased 11,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were bought at an average price of $8.32 per share, for a total transaction of $91,520.00. Following the completion of the transaction, the insider owned 4,204,028 shares in the company, valued at $34,977,512.96. This represents a 0.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 46.15% of the company’s stock.

Analyst Upgrades and Downgrades

RTB has been the topic of a number of recent research reports. Weiss Ratings upgraded RTB Digital, Inc. Common Stock from a “sell (e+)” rating to a “sell (d)” rating in a research report on Tuesday, September 29th. Wall Street Zen raised shares of RTB Digital, Inc. Common Stock from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

RTB Digital, Inc. Common Stock Company Profile

Ryvyl Inc., a technology company, engages in the development, marketing, and sale of blockchain-based payment solutions in North America, Europe, and Asia. The company's blockchain-based systems facilitate, record, and store a volume of tokenized assets representing cash or data on a blockchain-based ledger. Its products include QuickCard Payment System, a physical and virtual payment card processing management system, including software that facilitates on and off ramp e-wallet management; Coyni, a digital token platform, which offers custodial assurance by utilizing its stable coin and blockchain technology in a closed-loop ecosystem; and ChargeSavvy, an end-to-end POS solution comprising software and hardware for the restaurant and hospitality industry.