Inuvo (NYSEAMERICAN:INUV) Shares Pass Above Fifty Day Moving Average of $0.00

Inuvo, Inc. (NYSEAMERICAN:INUV – Get Rating) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.00 and traded as high as $0.52. Inuvo shares last traded at $0.47, with a volume of 410,303 shares.

Inuvo Price Performance

The firm has a market capitalization of $57.36 million, a PE ratio of -6.84 and a beta of 0.88.

Inuvo (NYSEAMERICAN:INUV – Get Rating) last posted its earnings results on Thursday, May 12th. The technology company reported ($0.02) EPS for the quarter. Inuvo had a negative return on equity of 21.79% and a negative net margin of 13.35%. The firm had revenue of $18.61 million for the quarter.

Insider Activity at Inuvo

In other Inuvo news, Director Kenneth Ewell Lee bought 108,520 shares of the company’s stock in a transaction on Tuesday, May 17th. The shares were bought at an average price of $0.45 per share, for a total transaction of $48,834.00. Following the transaction, the director now owns 192,520 shares of the company’s stock, valued at approximately $86,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 146,020 shares of company stock worth $66,834 in the last quarter. Company insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Inuvo stock. State Street Corp lifted its position in shares of Inuvo, Inc. (NYSEAMERICAN:INUV – Get Rating) by 10.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 312,054 shares of the technology company’s stock after buying an additional 28,691 shares during the period. State Street Corp owned approximately 0.26% of Inuvo worth $153,000 as of its most recent SEC filing. 20.22% of the stock is currently owned by institutional investors.

About Inuvo

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Inuvo, Inc, a technology company, develops and sells information technology solutions in the United States. The company's platforms identify and message online audiences for various products or services across devices, formats, and channels, including video, mobile, connected TV, linear TV, display, social, search, and native.