Autoweb Inc (NASDAQ:AUTO)’s share price reached a new 52-week low during trading on Friday following a weaker than expected earnings announcement. The stock traded as low as $2.20 and last traded at $2.22, with a volume of 800 shares traded. The stock had previously closed at $2.26.
The information services provider reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.06). Autoweb had a negative net margin of 61.64% and a negative return on equity of 7.50%. The business had revenue of $31.70 million during the quarter, compared to analyst estimates of $30.74 million.
Several analysts recently commented on the company. Barrington Research restated a “hold” rating on shares of Autoweb in a research report on Tuesday, July 31st. ValuEngine upgraded Autoweb from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Five investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $6.67.
The company has a market cap of $30.54 million, a PE ratio of 7.41 and a beta of 1.40.
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About Autoweb (NASDAQ:AUTO)
AutoWeb, Inc operates as a digital marketing company for the automotive industry in the United States. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to consumers through its programs. The company's products include new vehicle lead program, which allows consumers to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, which allows consumers to search for used vehicles according to search parameters, such as price, make, model, mileage, year, and location of the vehicle.
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