One Horizon Group (OHGI) Shares Down 20%

One Horizon Group Inc (NASDAQ:OHGI) was down 20% during mid-day trading on Thursday . The company traded as low as $0.24 and last traded at $0.30. Approximately 162,495 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,376,891 shares. The stock had previously closed at $0.25.

The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.74 and a current ratio of 3.74.

One Horizon Group (NASDAQ:OHGI) last released its earnings results on Friday, August 17th. The software maker reported ($0.09) earnings per share for the quarter. One Horizon Group had a negative net margin of 867.98% and a negative return on equity of 91.79%. The company had revenue of $0.29 million for the quarter.

One Horizon Group Company Profile (NASDAQ:OHGI)

One Horizon Group, Inc develops and licenses digitally secure messaging software primarily to gaming, security, and educational markets in Hong Kong, China, and the United Kingdom. The company operates 123Wish, a subscription-based marketplace that provides users with the experiences of social media influencers, including celebrities, professional athletes, fashion designers, and artists; and provides music production, artist representation, and digital media services.

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