RealNetworks (NASDAQ:RNWK) Trading Down 5.7%

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RealNetworks Inc (NASDAQ:RNWK) was down 5.7% on Thursday . The company traded as low as $1.49 and last traded at $1.50, approximately 875,498 shares were traded during trading. An increase of 1,204% from the average daily volume of 67,119 shares. The stock had previously closed at $1.59.

Separately, ValuEngine upgraded RealNetworks from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd.

The stock has a 50 day simple moving average of $1.63 and a two-hundred day simple moving average of $2.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 0.68.

RealNetworks (NASDAQ:RNWK) last posted its earnings results on Thursday, August 1st. The technology company reported ($0.24) EPS for the quarter. RealNetworks had a negative net margin of 17.44% and a negative return on equity of 53.02%. The business had revenue of $44.25 million for the quarter.

Several large investors have recently bought and sold shares of RNWK. B. Riley Financial Inc. acquired a new stake in shares of RealNetworks during the 1st quarter valued at about $156,000. BlackRock Inc. grew its position in shares of RealNetworks by 0.8% during the 2nd quarter. BlackRock Inc. now owns 853,359 shares of the technology company’s stock valued at $1,622,000 after acquiring an additional 6,541 shares during the period. Renaissance Technologies LLC grew its position in shares of RealNetworks by 1.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,192,423 shares of the technology company’s stock valued at $2,266,000 after acquiring an additional 18,300 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of RealNetworks by 86.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,877,500 shares of the technology company’s stock valued at $3,567,000 after acquiring an additional 870,900 shares during the period. Hedge funds and other institutional investors own 44.69% of the company’s stock.

RealNetworks Company Profile (NASDAQ:RNWK)

RealNetworks, Inc provides network-delivered digital media applications and services to manage, play, and share digital media. Its Consumer Media segment offers RealPlayer media player software, which enables consumers to discover, play, download, manage and edit digital video, stream audio and video, download and save photos and videos from the Web, transfer and share content on social networks, and edit their own photo and video content.

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