WaveDancer (NASDAQ:WAVD) Trading Up 5.9% – Still a Buy?

by · The Cerbat Gem

WaveDancer, Inc. (NASDAQ:WAVD – Get Free Report) shares were up 5.9% on Thursday . The company traded as high as $3.40 and last traded at $3.23. Approximately 101,340 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 100,164 shares. The stock had previously closed at $3.05.

WaveDancer Price Performance

The business’s 50 day moving average is $3.55 and its two-hundred day moving average is $5.58.

Institutional Investors Weigh In On WaveDancer

A hedge fund recently raised its stake in WaveDancer stock. Waldron Private Wealth LLC grew its holdings in shares of WaveDancer, Inc. (NASDAQ:WAVD – Free Report) by 200.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,000 shares of the company’s stock after acquiring an additional 20,000 shares during the quarter. Waldron Private Wealth LLC owned 1.49% of WaveDancer worth $62,000 at the end of the most recent quarter. 4.96% of the stock is owned by institutional investors.

About WaveDancer

(Get Free Report)

WaveDancer, Inc develops and maintains information technology systems in the United States. The company also modernizes client information systems; and offers other IT-related professional services to government and commercial organizations. In addition, it offers IT consulting, development, training, migration, and on-site project support; and software development, system modernizations, cloud services, and cybersecurity services.

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