ASAP (NASDAQ:WTRH) Trading Up 3.5%

Shares of ASAP, Inc. (NASDAQ:WTRHGet Rating) were up 3.5% on Tuesday . The company traded as high as $0.60 and last traded at $0.59. Approximately 229,255 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 5,474,322 shares. The stock had previously closed at $0.57.

ASAP Trading Up 3.5 %

The stock has a market capitalization of $122.61 million, a P/E ratio of -0.57 and a beta of 0.57. The stock has a 50-day moving average price of $0.75 and a two-hundred day moving average price of $3.24. The company has a debt-to-equity ratio of 14.59, a quick ratio of 1.05 and a current ratio of 1.05.

Insider Activity at ASAP

In other news, major shareholder Luxor Capital Group, Lp sold 680,451 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $0.12, for a total value of $81,654.12. Following the completion of the transaction, the insider now owns 1,552,853 shares in the company, valued at $186,342.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Luxor Capital Group, Lp sold 680,451 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $0.12, for a total value of $81,654.12. Following the completion of the transaction, the insider now owns 1,552,853 shares in the company, valued at $186,342.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Green sold 139,068 shares of the company’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $1.48, for a total value of $205,820.64. Following the sale, the director now owns 529,264 shares of the company’s stock, valued at approximately $783,310.72. The disclosure for this sale can be found here. Insiders have sold 1,730,831 shares of company stock worth $774,602 over the last ninety days. 14.20% of the stock is owned by corporate insiders.

Institutional Trading of ASAP

A hedge fund recently raised its stake in ASAP stock. Renaissance Technologies LLC raised its stake in shares of ASAP, Inc. (NASDAQ:WTRHGet Rating) by 114.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 814,800 shares of the company’s stock after purchasing an additional 434,830 shares during the period. Renaissance Technologies LLC owned 0.51% of ASAP worth $124,000 as of its most recent SEC filing. 26.30% of the stock is owned by hedge funds and other institutional investors.

About ASAP

(Get Rating)

ASAP, Inc operates an online ordering technology platform in the United States. Its platform allows to order food, alcohol, convenience, grocery, flowers, auto parts, and others. The company's platform also facilitates access to third parties that provide payment processing solutions for restaurants and other merchants.

Featured Stories

Receive News & Ratings for ASAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASAP and related companies with MarketBeat.com's FREE daily email newsletter.