Zacks Investment Research cut shares of Social Reality Inc (NASDAQ:SCRID) from a hold rating to a sell rating in a report released on Wednesday morning.
According to Zacks, “Social Reality, Inc. is an internet advertising company. It provides automated digital platform technology and social management software for internet advertising. The Company’s business platform consists of Social Reality Ad Exchange, GroupAd, SRAX MD, SRAX DI and Steel Media. It provides a platform which allows website publishers to sell their media inventory to digital adverting buyers. Social Reality, Inc. is headquartered in Los Angeles, California. “
Social Reality (NASDAQ:SCRID) opened at 6.40 on Wednesday. Social Reality has a 52-week low of $5.05 and a 52-week high of $9.90. The firm’s 50-day moving average price is $6.42 and its 200 day moving average price is $7.28. The company’s market cap is $38.37 million.
About Social Reality
Social Reality, Inc is an Internet advertising and platform technology company. The Company provides tools to automate the digital advertising market. It is engaged in the sales of digital media advertising campaigns to advertising agencies and brands; sales of media inventory through real-time bidding (RTB) exchanges; sale and licensing of its SRAX Social platform and related media, and creation of custom platforms for buying media on SRAX for various brands.