WaveDancer (NASDAQ:WAVD) Shares Down 9.1%

WaveDancer, Inc. (NASDAQ:WAVD)’s stock price traded down 9.1% during trading on Friday . The company traded as low as $1.87 and last traded at $1.94. 16,779 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 166,516 shares. The stock had previously closed at $2.14.

WaveDancer Stock Down 9.1 %

The stock’s 50-day moving average price is $2.61 and its 200 day moving average price is $2.24. The company has a market cap of $3.90 million, a P/E ratio of -0.34 and a beta of 2.95.

Hedge Funds Weigh In On WaveDancer

A number of institutional investors and hedge funds have recently bought and sold shares of WAVD. Renaissance Technologies LLC bought a new position in WaveDancer during the second quarter worth $100,000. Pathstone Holdings LLC bought a new position in WaveDancer during the fourth quarter worth $42,000. State Street Corp bought a new position in WaveDancer during the second quarter worth $33,000. Northern Trust Corp bought a new position in WaveDancer during the second quarter worth $25,000. Finally, Trueblood Wealth Management LLC bought a new position in WaveDancer during the fourth quarter worth $27,000. Institutional investors own 4.96% of the company’s stock.

About WaveDancer

WaveDancer, Inc engages in development and maintenance of information technology systems, modernizing client information systems, and offers other IT-related professional services to government and commercial organizations in the United States. It also offers secure supply chain management software solution; consulting, development, training, and migration; and software development, system modernizations, cloud-based solutions, and cybersecurity services.