Shares last traded at $7.51 well below $9.07, the stock’s 50 day moving average and which is significantly lower than the 200 day moving average of $11.78. The 50 day moving average went down $-1.56 or -17.22% and the 200 day average moved down $-4.27. Autobytel Inc. shares had a trading volume of 5,394 on Friday. Trading volume was down 94.13% under the stocks average daily volume.
Traders are feeling more bullish on shares of the company of late if you put credence in the downtick in short interest. The stock saw a fall in short interest between July 31, 2017 and August 15, 2017 of -51.43%. Short interest decreased from 407,013 to 197,703 over that timeframe. Days to cover decreased from 2.9 to 1.0 and the short interest percentage is 0.02% as of August 15.
Here are a few substantial investment firms who have updated their positions. Stanley-laman Group, Ltd. augmented its investment by buying 3,073 shares an increase of 14.5%. Stanley-laman Group, Ltd. now controls 24,199 shares with a value of $305,000. The total value of its holdings increased 15.1%. Trexquant Investment Lp trimmed its ownership by shedding 24,452 shares a decrease of 60.9% as of 06/30/2017. Trexquant Investment Lp controls 15,732 shares worth $198,000. The value of the position overall is down by 60.7%.
As of quarter end Ubs Group Ag had disposed of a total of 59 shares trimming its holdings by 38.6%. The value of the investment in Autobytel Inc. went from $2,000 to $1,000 a change of $1,000 for the reporting period. Lyon Street Capital, LLC downsized its stake by shedding 116,593 shares a decrease of 22.4% from 03/31/2017 to 06/30/2017. Lyon Street Capital, LLC owns 403,009 shares valued at $5,082,000. The value of the position overall is down by 21.9%.
On August 4 the company was downgraded to “Market Perform” from “Outperform” in an announcement from Barrington Research.
The most current P/E ratio is 22.69 and the market cap is 96.64M. As of the latest earnings report the EPS was $0.33 and is projected to be $0.78 for the current year with 12,868,000 shares now outstanding. Next quarter’s EPS is expected be $0.17 with next year’s EPS anticipated to be $0.97.
Autobytel Inc. (Autobytel), launched on May 17, 1996, is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals (Leads), dealer marketing products and services, and online advertising programs and mobile products. The Company operates through providing automotive marketing services segment. The Business’s consumer-facing automotive Websites, which include its Website Autobytel.com, provide consumers with information and tools to aid them with the automotive purchase decisions and the ability to submit inquiries requesting dealers to contact the consumers regarding purchasing or leasing vehicles. Its AutoWeb pay-per-click advertising marketplace program uses technology to refer in-market consumer traffic to dealers and manufacturer Websites. For consumers not be able to secure loans through conventional lending sources, the Websites provide these consumers the ability to submit inquiries requesting dealers or other lenders that may offer vehicle financing to these consumers to contact the consumers regarding vehicle financing..