Paltalk (NASDAQ:PALT) Shares Up 0.6% – Should You Buy?

Paltalk, Inc. (NASDAQ:PALT) was up 0.6% during mid-day trading on Friday . The company traded as high as $1.74 and last traded at $1.71. Approximately 3,599 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 62,830 shares. The stock had previously closed at $1.70.

Paltalk Stock Performance

The stock has a market cap of $15.24 million, a PE ratio of -4.85 and a beta of 0.91. The firm’s 50-day moving average is $1.91 and its 200 day moving average is $1.98.

Institutional Investors Weigh In On Paltalk

Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in Paltalk in the 4th quarter valued at approximately $56,000. Millennium Management LLC purchased a new stake in shares of Paltalk in the fourth quarter valued at $30,000. Finally, XTX Topco Ltd purchased a new stake in shares of Paltalk in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 3.88% of the company’s stock.

Paltalk Company Profile

Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user’s existing cell phone or land line telephone number.