Zedge, Inc. (ZDGE) to Issue Quarterly Dividend of $0.02 on February 10th

Zedge, Inc. (NYSEAMERICAN:ZDGE) announced a quarterly dividend on Friday, January 16th. Stockholders of record on Friday, January 30th will be given a dividend of 0.016 per share on Tuesday, February 10th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, January 30th.

Zedge Stock Down 2.9%

Shares of NYSEAMERICAN ZDGE traded down $0.10 during midday trading on Wednesday, reaching $3.16. 24,538 shares of the company’s stock traded hands, compared to its average volume of 84,054. The company has a market cap of $39.37 million, a price-to-earnings ratio of -34.89 and a beta of 1.37. The stock’s 50 day simple moving average is $3.09 and its 200-day simple moving average is $3.22. Zedge has a one year low of $1.73 and a one year high of $4.89.

Analyst Ratings Changes

Separately, UBS Group set a $6.00 price target on Zedge in a report on Monday, December 15th.

Zedge Company Profile

Zedge, Inc (NYSE American: ZDGE) is a digital media and technology company that operates a mobile personalization platform. Through its flagship Zedge app and website, the company provides consumers with a wide range of downloadable digital content, including wallpapers, ringtones, notification sounds, app icons and lock screens. The platform accommodates both free and premium content, enabling users to customize their smartphones and tablets according to personal taste.

The company’s platform features content created by independent designers and established media brands, and it supports multiple languages and regional preferences.