As another trading week begins, it is important for investors to consider taking a look at companies that may have been in the news back on Friday. One of the companies that you could take a look into this morning is Loop Media Inc (OTCMKTS:LPTV).
Trading Data
On Friday, LPTV stock fell 2.03% to $2.89 with 2K shares, compared to its average volume of 5k shares. The stock moved within a range of $2.8900 – 3.2100 after opening trade at $3.
Loop Media, Inc. Releases Highly Optimized New Interface for Its Digital Out Of Home (DOOH) Loop Player for Businesses
The company, which is best known for operating a multi-channel streaming platform, announced on Friday that it had rolled out a wholly new user experience. The new user experience had been rolled out on Loop Player, which is the proprietary streaming media hardware from Loop Media. It is going to be interesting to see if the new launch leads to any kind of traction for the company’s stock.
The latest feature that has been added to the Loop Player is a wholly new interface, which can be plugged in and played and provide the user with access to more than 145 music as well as non-music channels. The channels have also been optimized in such a way that they are perfect for Digital Out of Home entertainment. It was a major new announcement from the company and one that could help Loop Media in attracting new customers in the near future.
Key Quote
“Customer feedback and research has us constantly innovating and evolving to make our service easier and more powerful for businesses using the Loop Player for streaming video and digital signage,” said CEO and Co-Founder Jon Niermann. “This new interface will make it much easier for our clients to find and present content that is best for their business and their customers.”
Technical Data
LPTV stock is trading below the 20-Day and 50-Day Moving averages of $2.92 and $2.86 respectively. However, the stock is trading above the 200-Day moving average of $2.54. The company has a total market capitalization of $443.73 million. The stock is up 17% over the past month.
