MarketWise (NASDAQ:MKTW - Get Free Report) posted its quarterly earnings results on Thursday. The newsletter publisher reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.08), Zacks reports. The company had revenue of $105.05 million during the quarter. MarketWise had a negative return on equity of 0.74% and a net margin of 0.46%.
MarketWise Trading Down 5.3 %
Shares of NASDAQ MKTW traded down $0.05 during mid-day trading on Friday, reaching $0.84. The company had a trading volume of 176,388 shares, compared to its average volume of 149,603. The business's 50-day moving average is $1.11 and its 200-day moving average is $1.51. The stock has a market cap of $277.63 million, a price-to-earnings ratio of 21.06 and a beta of 0.48. MarketWise has a 52 week low of $0.72 and a 52 week high of $3.62.
MarketWise Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Thursday, August 15th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Thursday, August 15th. MarketWise's payout ratio is presently 100.00%.
About MarketWise
(
Get Free Report)
MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.
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