Why Digital Turbine's Stock Is Trading Lower Today

Digital Turbine (NASDAQ: APPS) shares are trading lower on Tuesday after Ladenburg Thalmann downgraded the stock from Buy to Neutral and announced a price target of $12.50 per share.

Digital Turbine through its subsidiaries is engaged in media and mobile communications, delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers and other third parties to enable them to effectively monetize mobile content. 

Digital Turbine shares were trading down 5.07% at $12.75 at time of publication on Tuesday. The stock has a 52-week high of $13.96 and a 52-week low of $3.48.