Today One Horizon Group, Inc. (OHGI) Stock Reaches Yearly Low

July 16, 2018 - By Billy Entrekin

One Horizon Group, Inc. (NASDAQ:OHGI) Logo

The stock of One Horizon Group, Inc. (NASDAQ:OHGI) hit a new 52-week low and has $0.44 target or 4.00 % below today’s $0.46 share price. The 7 months bearish chart indicates high risk for the $23.55M company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $0.44 price target is reached, the company will be worth $942,120 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 2.43% or $0.0109 during the last trading session, reaching $0.4587. About 315,091 shares traded. One Horizon Group, Inc. (NASDAQ:OHGI) has declined 31.73% since July 16, 2017 and is downtrending. It has underperformed by 44.30% the S&P500.

More notable recent One Horizon Group, Inc. (NASDAQ:OHGI) news were published by: Globenewswire.com which released: “CORRECTING and REPLACING – One Horizon Group Announces Co-Branded Mobile App and Card Program with …” on June 29, 2018, also Investingnews.com with their article: “Banana Whale Studios Announces Launch of ‘Limitless’ Game Engine” published on July 10, 2018, Bizjournals.com published: “Minor League Baseball in St. Pete considers payments business with UK digital media firm” on July 02, 2018. More interesting news about One Horizon Group, Inc. (NASDAQ:OHGI) were released by: Nasdaq.com and their article: “One Horizon Group’s Banana Whale Studios Announces Launch of ‘Limitless’ Game Engine” published on July 10, 2018 as well as Globenewswire.com‘s news article titled: “One Horizon Provides Update on Love Media House” with publication date: June 28, 2018.

One Horizon Group, Inc. develops and licenses software for mobile voice over Internet protocol in China, Rest of Asia, Europe, Russia, and the Americas. The company has market cap of $23.55 million. The firm develops Horizon Platform, a tool that can be used by mobile operators to compete against the over the top providerÂ’s applications that are running on their networks; and Horizon Call, a mobile application, which enables bandwidth-efficient VoIP calls over a smartphone using a 2G/EDGE, 3G, 4G/LTE, Wi-Fi, or satellite connection. It currently has negative earnings. It offers retail smartphone VoIP, messaging, and advertising service under the Aishuo brand name; and software maintenance services.

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