RealNetworks (RNWK) Reaches New 52-Week Low at $3.20

RealNetworks Inc (NASDAQ:RNWK)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.20 and last traded at $3.43, with a volume of 128200 shares changing hands. The stock had previously closed at $3.43.

The stock has a market cap of $117.50, a P/E ratio of -4.32 and a beta of 0.49.

RealNetworks (NASDAQ:RNWK) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.11) earnings per share (EPS) for the quarter. RealNetworks had a negative net margin of 21.67% and a negative return on equity of 32.64%. The business had revenue of $30.00 million during the quarter.

In other news, SVP Michael Parham sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $4.47, for a total transaction of $31,290.00. Following the transaction, the senior vice president now directly owns 19,848 shares of the company’s stock, valued at $88,720.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 37.90% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of RealNetworks by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 109,552 shares of the technology company’s stock worth $475,000 after purchasing an additional 612 shares during the period. Teachers Advisors LLC raised its position in shares of RealNetworks by 21.6% during the second quarter. Teachers Advisors LLC now owns 39,183 shares of the technology company’s stock worth $170,000 after purchasing an additional 6,956 shares during the period. Prudential Financial Inc. raised its position in shares of RealNetworks by 19.1% during the second quarter. Prudential Financial Inc. now owns 167,654 shares of the technology company’s stock worth $726,000 after purchasing an additional 26,900 shares during the period. State Street Corp raised its position in shares of RealNetworks by 6.2% during the second quarter. State Street Corp now owns 470,564 shares of the technology company’s stock worth $2,038,000 after purchasing an additional 27,268 shares during the period. Finally, Northern Trust Corp raised its position in shares of RealNetworks by 18.0% during the second quarter. Northern Trust Corp now owns 291,171 shares of the technology company’s stock worth $1,260,000 after purchasing an additional 44,387 shares during the period. 51.93% of the stock is currently owned by institutional investors.

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RealNetworks Company Profile

RealNetworks, Inc creates applications and services that enable to connect with digital media. The Company connects consumers with their digital media directly and through partners, focusing on supporting various network, devices, media types and social networks. It operates through three segments: Consumer Media, Mobile Services and Games.

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