Digimarc (NASDAQ:DMRC) Shares Pass Above Two Hundred Day Moving Average of $18.78

Digimarc Co. (NASDAQ:DMRC – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.78 and traded as high as $20.18. Digimarc shares last traded at $19.99, with a volume of 115,546 shares changing hands.

Digimarc Price Performance

The company has a 50-day moving average price of $20.33 and a 200 day moving average price of $18.78. The firm has a market capitalization of $400.52 million, a PE ratio of -6.58 and a beta of 1.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DMRC. JPMorgan Chase & Co. raised its stake in Digimarc by 21.6% in the 1st quarter. JPMorgan Chase & Co. now owns 5,975 shares of the information technology services provider’s stock worth $158,000 after acquiring an additional 1,063 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Digimarc by 54.1% during the 1st quarter. MetLife Investment Management LLC now owns 8,465 shares of the information technology services provider’s stock worth $223,000 after purchasing an additional 2,971 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Digimarc by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 809,355 shares of the information technology services provider’s stock valued at $21,343,000 after buying an additional 17,276 shares during the period. Charles Schwab Investment Management Inc. raised its position in Digimarc by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 34,223 shares of the information technology services provider’s stock valued at $903,000 after purchasing an additional 835 shares during the period. Finally, State Street Corp increased its position in shares of Digimarc by 8.5% during the first quarter. State Street Corp now owns 300,464 shares of the information technology services provider’s stock worth $7,923,000 after acquiring an additional 23,624 shares during the period. Institutional investors own 55.24% of the company’s stock.

Digimarc Company Profile

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Digimarc Corp. engages in the provision of media identification and management solutions. It develops solutions, licenses intellectual property, and provides development services. The company also connects print, audio, and packaging to brand-defined online content, protects, identifies, and tracks digital files, and confirms content and objects are genuine, unaltered, and from an authorized source.