Grindr Inc. (NYSE:GRND – Get Rating)'s share price traded down 4.7% during trading on Friday . The stock traded as low as $5.95 and last traded at $6.02. 30,626 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 277,233 shares. The stock had previously closed at $6.32.

Grindr Stock Down 3.2 %

The company has a debt-to-equity ratio of 83.53, a current ratio of 0.70 and a quick ratio of 0.02. The firm has a 50 day moving average of $6.04.

Institutional Trading of Grindr

An institutional investor recently bought a new position in Grindr stock. Busey Wealth Management acquired a new stake in shares of Grindr Inc. (NYSE:GRND – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,000 shares of the company's stock, valued at approximately $51,000.

Grindr Company Profile

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Grindr Inc operates social network platform for the LGBTQ community. Its platform enables gay, bi, trans, and queer people to engage with each other, share content and experiences, and express themselves. It offers a free, ad-supported service and a premium subscription version. The company was founded in 2009 and is based in West Hollywood, California.

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