Shares of Inuvo, Inc. (NYSEAMERICAN:INUV – Get Rating) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $0.31. Inuvo shares last traded at $0.30, with a volume of 178,909 shares.
Inuvo Stock Up 2.2 %
The firm has a market capitalization of $36.28 million, a price-to-earnings ratio of -3.36 and a beta of 0.70.
Institutional Investors Weigh In On Inuvo
Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in Inuvo by 10.1% in the first quarter. State Street Corp now owns 312,054 shares of the technology company’s stock worth $153,000 after purchasing an additional 28,691 shares during the last quarter. Renaissance Technologies LLC boosted its position in Inuvo by 175.0% in the second quarter. Renaissance Technologies LLC now owns 144,100 shares of the technology company’s stock worth $71,000 after purchasing an additional 91,700 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of Inuvo during the 4th quarter valued at $43,000. Prudential Financial Inc. purchased a new position in shares of Inuvo during the 2nd quarter valued at $34,000. Finally, Bard Associates Inc. lifted its position in shares of Inuvo by 90.3% during the 4th quarter. Bard Associates Inc. now owns 1,260,502 shares of the technology company’s stock valued at $279,000 after buying an additional 598,000 shares during the last quarter. Institutional investors own 16.33% of the company’s stock.
Inuvo, Inc engages in the business of developing and selling information technology solutions for marketing and advertising. Its products and services include IntentKey and CampSight. The company was founded in October 1987 and is headquartered in Little Rock, AR.
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