RealNetworks (NASDAQ:RNWK) Announces Quarterly Earnings Results

RealNetworks (NASDAQ:RNWK) released its earnings results on Thursday. The technology company reported ($0.24) EPS for the quarter, Morningstar.com reports. RealNetworks had a negative net margin of 20.46% and a negative return on equity of 45.29%. The firm had revenue of $44.25 million during the quarter. RealNetworks updated its Q3 2019 guidance to EPS.

RNWK stock traded up $0.07 during mid-day trading on Friday, hitting $1.53. The stock had a trading volume of 59,287 shares, compared to its average volume of 102,935. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.19. RealNetworks has a 52 week low of $1.43 and a 52 week high of $3.52. The stock’s fifty day moving average is $1.74.

A hedge fund recently bought a new stake in RealNetworks stock. B. Riley Financial Inc. bought a new stake in RealNetworks Inc (NASDAQ:RNWK) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 50,000 shares of the technology company’s stock, valued at approximately $156,000. B. Riley Financial Inc. owned 0.13% of RealNetworks as of its most recent SEC filing. 45.96% of the stock is owned by institutional investors.

Separately, ValuEngine raised shares of RealNetworks from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd.

About RealNetworks

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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Earnings History for RealNetworks (NASDAQ:RNWK)

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