WaveDancer (NASDAQ:WAVD) Shares Set to Reverse Split on Tuesday, August 13th

WaveDancer, Inc. (NASDAQ:WAVD)’s stock is scheduled to reverse split before the market opens on Tuesday, August 13th. The 1-3 reverse split was announced on Friday, August 9th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 12th.

WaveDancer Stock Up 10.6 %

WaveDancer stock traded up $0.21 during mid-day trading on Friday, reaching $2.18. The company’s stock had a trading volume of 285,210 shares, compared to its average volume of 98,677. WaveDancer has a 12-month low of $1.06 and a 12-month high of $5.30. The firm’s fifty day moving average price is $2.12 and its two-hundred day moving average price is $2.36.

WaveDancer (NASDAQ:WAVD) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.33) earnings per share for the quarter. WaveDancer had a negative net margin of 17.55% and a negative return on equity of 57.30%. The business had revenue of $1.92 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in WaveDancer stock. Waldron Private Wealth LLC increased its stake in WaveDancer, Inc. (NASDAQ:WAVD) by 200.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,000 shares of the company’s stock after acquiring an additional 20,000 shares during the period. Waldron Private Wealth LLC owned about 1.49% of WaveDancer worth $62,000 as of its most recent SEC filing. 4.96% of the stock is currently owned by hedge funds and other institutional investors.

WaveDancer Company Profile

WaveDancer, Inc develops and maintains information technology systems in the United States. The company also modernizes client information systems; and offers other IT-related professional services to government and commercial organizations. In addition, it offers IT consulting, development, training, migration, and on-site project support; and software development, system modernizations, cloud services, and cybersecurity services.