ARHT Media (CVE:ART) Shares Down 25%

ARHT Media Inc. (CVE:ART) shares traded down 25% during trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. 168,000 shares were traded during trading, an increase of 114% from the average session volume of 78,399 shares. The stock had previously closed at C$0.04.

Wall Street Analyst Weigh In

Separately, Cormark lowered their price objective on shares of ARHT Media from C$0.20 to C$0.13 in a research report on Wednesday, May 8th.

ARHT Media Price Performance

The company has a quick ratio of 3.06, a current ratio of 0.36 and a debt-to-equity ratio of 401.18. The company has a market capitalization of C$6.90 million, a P/E ratio of -0.70 and a beta of 0.48. The company’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05.

ARHT Media (CVE:ART) last posted its earnings results on Thursday, May 30th. The company reported C($0.01) EPS for the quarter. ARHT Media had a negative return on equity of 1,395.47% and a negative net margin of 189.82%. The business had revenue of C$1.58 million during the quarter.

About ARHT Media

ARHT Media Inc, together with its subsidiaries, engages in the live and prerecorded holograms with a network of capture and display locations worldwide. Its products include Capsule, a consumer-facing holographic display that is plug-and-play for events in all lighting conditions and can be permanently installed for retail and other consumer or user-facing applications; ARHT Engine, a proprietary technology utilizes a combination of advanced hardware and software, including 3D cameras, motion capture technology, and real-time rendering software to create its holographic displays; and Virtual Global Stage, which allows multiple presenters to interact with one another on the same stage with no latency, appearing much like they would if they were physically next to one another, as well as capture studio, ARHT Hologram Screen, and HoloPod Display.