Shares of Kaleyra, Inc. (NYSEAMERICAN:KLR – Get Rating) rose 0.4% during trading on Friday . The company traded as high as $2.36 and last traded at $2.24. Approximately 41,596 shares traded hands during trading, a decline of 28% from the average daily volume of 57,430 shares. The stock had previously closed at $2.23.
Analysts Set New Price Targets
Separately, Oppenheimer reaffirmed a “market perform” rating on shares of Kaleyra in a research report on Friday, March 17th.
Kaleyra Stock Performance
The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 6.07. The company has a market capitalization of $29.57 million, a P/E ratio of -0.30 and a beta of 1.38.
Institutional Trading of Kaleyra
Several institutional investors have recently added to or reduced their stakes in KLR. Virtu Financial LLC bought a new position in shares of Kaleyra during the 1st quarter worth approximately $60,000. American International Group Inc. bought a new position in shares of Kaleyra during the 2nd quarter worth approximately $28,000. JPMorgan Chase & Co. boosted its holdings in shares of Kaleyra by 1,576,300.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,764 shares of the company’s stock worth $32,000 after buying an additional 15,763 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Kaleyra by 42.2% during the 1st quarter. Engineers Gate Manager LP now owns 18,360 shares of the company’s stock worth $110,000 after buying an additional 5,449 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Kaleyra during the 1st quarter worth approximately $35,000. 33.52% of the stock is currently owned by institutional investors.
Kaleyra, Inc is a global group providing mobile communication services for financial institutions and enterprises of all sizes worldwide. Its proprietary platform manages multi-channel integrated communication services on a global scale, consisting of messages, push notifications, e-mail, instant messaging, voice services and chatbots.
- Get a free copy of the StockNews.com research report on Kaleyra (KLR)
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