RealNetworks (NASDAQ:RNWK) Trading Down 5.7%

Shares of RealNetworks Inc (NASDAQ:RNWK) fell 5.7% during trading on Thursday . The stock traded as low as $1.49 and last traded at $1.50, 875,498 shares were traded during trading. An increase of 1,204% from the average session volume of 67,119 shares. The stock had previously closed at $1.59.

Separately, ValuEngine raised shares of RealNetworks from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd.

The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $1.63 and its 200 day moving average price is $2.35.

RealNetworks (NASDAQ:RNWK) last released its quarterly earnings results on Thursday, August 1st. The technology company reported ($0.24) EPS for the quarter. The firm had revenue of $44.25 million for the quarter. RealNetworks had a negative net margin of 17.44% and a negative return on equity of 53.02%.

Hedge funds have recently added to or reduced their stakes in the company. B. Riley Financial Inc. purchased a new stake in shares of RealNetworks in the first quarter valued at about $156,000. Renaissance Technologies LLC raised its holdings in shares of RealNetworks by 1.6% in the second quarter. Renaissance Technologies LLC now owns 1,192,423 shares of the technology company’s stock valued at $2,266,000 after buying an additional 18,300 shares during the last quarter. BlackRock Inc. raised its holdings in shares of RealNetworks by 0.8% in the second quarter. BlackRock Inc. now owns 853,359 shares of the technology company’s stock valued at $1,622,000 after buying an additional 6,541 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of RealNetworks by 86.5% in the second quarter. Vanguard Group Inc. now owns 1,877,500 shares of the technology company’s stock valued at $3,567,000 after buying an additional 870,900 shares during the last quarter. 44.69% of the stock is currently owned by hedge funds and other institutional investors.

About RealNetworks (NASDAQ:RNWK)

RealNetworks, Inc provides network-delivered digital media applications and services to manage, play, and share digital media. Its Consumer Media segment offers RealPlayer media player software, which enables consumers to discover, play, download, manage and edit digital video, stream audio and video, download and save photos and videos from the Web, transfer and share content on social networks, and edit their own photo and video content.

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