Phunware Inc (NASDAQ:PHUN) dropped 2.7% during mid-day trading on Thursday . The company traded as low as $2.80 and last traded at $2.85. Approximately 4,053 shares traded hands during trading, a decline of 99% from the average daily volume of 420,944 shares. The stock had previously closed at $2.93.
The business’s 50-day simple moving average is $4.88.
Phunware (NASDAQ:PHUN) last posted its earnings results on Wednesday, May 15th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $5.32 million for the quarter.
Phunware Inc, together with its subsidiaries, provides Multiscreen-as-a-Service (Maas) and Data-as-a-Service (DaaS) enterprise software platform for mobile devices. Its platform enables brands to engage, manage, and monetize their mobile application portfolios. The company offers Cloud-Based Mobile Software Development Kits (SDKs), which include location-based services, mobile engagement, content management, messaging, advertising, and analytics; and mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application solutions.
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