Boston, MA 06/05/2013 (wallstreetpr) – The shares of MeetMe Inc. (NYSEMKT:MEET) had surged to $1.65 per share for the last trading session on Tuesday. This was observed to be an increase of 10 percent of its previous closing price on Monday. The shares of MeetMe Inc. (NYSEMKT:MEET) had been trading in the range of $1.55 to $1.78 per share during the day. The shares of the social networking site had recorded 52 week high price level of $4.30 per share to 52 week low price level of $1.40 per share.
MeetMe Inc. (NYSEMKT:MEET) is involved in providing social networking websites which enable to meet new people in the United States and provides a public marketing platform for social discovery of products and services. The company provides for various games and applications which are monetized by advertising and virtual currency so as to make meeting new people fun through such innovative ways.
MeetMe Inc. (NYSEMKT:MEET) provides a social gathering place for mobile generation and has nearly 60 percent of its customers from its mobile applications and games. The company operates its website and apps in three languages of English, Spanish and POrtguese on Android phones, iPhones and iPads. The shares of MeetMe Inc. (NYSEMKT:MEET) had surged to heavy trading volumes at 668,155 shares on Tuesday, while the average trading volume of the company is at 168,410 shares per day.
MeetMe Inc. (NYSEMKT:MEET) presently holds 38.13 million shares outstanding in the market with an institutional ownership of 43 percent of its holdings in the company.
