iOThree (NASDAQ:IOTR) Issues Quarterly Earnings Results
by Mitch Edgeman · The Markets DailyiOThree (NASDAQ:IOTR – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.22) earnings per share for the quarter, FiscalAI reports. The business had revenue of $3.68 million during the quarter.
iOThree Stock Down 4.9%
Shares of NASDAQ:IOTR opened at $2.52 on Wednesday. The stock’s fifty day moving average price is $2.72 and its 200-day moving average price is $2.67. iOThree has a 1 year low of $1.51 and a 1 year high of $7.47.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of iOThree from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.
Read Our Latest Report on IOTR
About iOThree
We are a leading provider of maritime digital technologies including satellite connectivity and digitalization solutions in Singapore focused on facilitating the maritime industry towards digital transformation. Based on the Frost & Sullivan Report, as of March 31, 2024, we ranked fifth in the Singaporean market based on revenue from the provision of maritime connectivity and digital solutions with a market share of approximately 6.2%. Our company was established to adopt an innovative approach towards the management of solutions accustomed to contemporary needs and drive the digital evolution in the maritime industry.