Urgent.ly (NASDAQ:ULY) Trading Down 6% – Here’s What Happened

Urgent.ly Inc. (NASDAQ:ULY)’s stock price traded down 6% during mid-day trading on Friday . The company traded as low as $0.48 and last traded at $0.50. 165,540 shares changed hands during trading, a decline of 58% from the average session volume of 398,773 shares. The stock had previously closed at $0.53.

Analyst Ratings Changes

Separately, Needham & Company LLC reduced their price objective on Urgent.ly from $2.00 to $1.50 and set a “buy” rating for the company in a research report on Wednesday, November 13th.

Urgent.ly Trading Down 6.0 %

The firm has a market cap of $6.74 million, a price-to-earnings ratio of 0.05 and a beta of 2.22. The stock has a 50-day moving average of $0.54 and a 200-day moving average of $0.87.

Urgent.ly (NASDAQ:ULY) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.68) by ($0.11). The company had revenue of $36.25 million during the quarter.

Urgent.ly Company Profile

Urgent.ly Inc offers mobility assistance software platform for roadside assistance in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its services include car lockout, tire changes, towing, stuck in ditch and winch services, motorcycle towing, electric vehicle towing, jump start, and gas delivery.