Shares of Support.com, Inc. (NASDAQ:SPRT) shot up 5.8% during trading on Friday . The stock traded as high as $1.65 and last traded at $1.63, 355,200 shares were traded during trading. An increase of 465% from the average session volume of 62,918 shares. The stock had previously closed at $1.54.
Separately, ValuEngine raised shares of Support.com from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd.
The firm’s 50 day simple moving average is $1.56 and its 200 day simple moving average is $2.01. The company has a market cap of $29.13 million, a price-to-earnings ratio of 8.11 and a beta of 0.16.
Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in Support.com during the second quarter worth approximately $33,000. Aspiriant LLC bought a new stake in Support.com during the first quarter worth approximately $47,000. Perritt Capital Management Inc. bought a new stake in Support.com during the second quarter worth approximately $162,000. JBF Capital Inc. boosted its holdings in Support.com by 24.5% during the second quarter. JBF Capital Inc. now owns 327,757 shares of the technology company’s stock worth $531,000 after buying an additional 64,501 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its holdings in Support.com by 1.1% during the first quarter. Kennedy Capital Management Inc. now owns 884,325 shares of the technology company’s stock worth $1,999,000 after buying an additional 9,411 shares in the last quarter. Institutional investors and hedge funds own 41.48% of the company’s stock.
Support.com Company Profile (NASDAQ:SPRT)
Support.com, Inc provides customer support services, end user software, and cloud-based software primarily in the United States. The company offers turnkey and outsourced support services for service providers, retailers, original equipment manufacturers (OEMs), warranty providers, Internet of Things solution providers, and technology companies.
Recommended Story: Hedge Funds – Risk or Reward?
Receive News & Ratings for Support.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Support.com and related companies with MarketBeat.com's FREE daily email newsletter.