Why is Blonder Tongue Laboratories Inc. (BDR) down -35.31% from the day 1 this year? – Invest Chronicle

Why is Blonder Tongue Laboratories Inc. (BDR) down -35.31% from the day 1 this year?

Blonder Tongue Laboratories Inc. (BDR) is priced at $0.97 after the most recent trading session. At the very opening of the session, the stock price was $1.04 and reached a high price of $1.11, prior to closing the session it reached the value of $1.06. The stock touched a low price of $0.91.Recently in News on September 1, 2021, Blonder Tongue Labs Reimagines Off-Air to IP and QAM Insertion With the Aircaster(TM) AQT8. Aircaster Enables Receiving up to 64 Off-Air Programs for IP or QAM Private Network Broadcasting while Eliminating the Need for Countless Digital Converters, External Splitters or Legacy One-to-One Solutions. You can read further details here

Blonder Tongue Laboratories Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $2.3300 on 02/01/21, with the lowest value was $0.9112 for the same time period, recorded on 10/13/21.

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Blonder Tongue Laboratories Inc. (BDR) full year performance was -35.31%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Blonder Tongue Laboratories Inc. shares are logging -58.36% during the 52-week period from high price, and 11.40% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.87 and $2.33.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 708224 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Blonder Tongue Laboratories Inc. (BDR) recorded performance in the market was -27.05%, having the revenues showcasing -32.15% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 12.39M, as it employees total of 161 workers.

Specialists analysis on Blonder Tongue Laboratories Inc. (BDR)

During the last month, 0 analysts gave the Blonder Tongue Laboratories Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.2323, with a change in the price was noted -0.23. In a similar fashion, Blonder Tongue Laboratories Inc. posted a movement of -19.14% for the period of last 100 days, recording 974,976 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for BDR is recording 0.91 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.43.

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Trends and Technical analysis: Blonder Tongue Laboratories Inc. (BDR)

Raw Stochastic average of Blonder Tongue Laboratories Inc. in the period of last 50 days is set at 5.92%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 18.54%. In the last 20 days, the company’s Stochastic %K was 18.32% and its Stochastic %D was recorded 25.23%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -27.05%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -21.11%, alongside a downfall of -35.31% for the period of the last 12 months. The shares increased approximately by -12.59% in the 7-day charts and went up by -14.13% in the period of the last 30 days. Common stock shares were lifted by -32.15% during last recorded quarter.

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