MultiSensor AI Holdings, Inc. (NASDAQ:MSAI – Get Free Report)’s share price traded up 7.1% during mid-day trading on Thursday . The stock traded as high as $2.14 and last traded at $2.10. 13,742 shares traded hands during trading, a decline of 89% from the average session volume of 122,996 shares. The stock had previously closed at $1.96.
Wall Street Analyst Weigh In
Separately, Roth Mkm assumed coverage on shares of MultiSensor AI in a report on Monday, April 15th. They set a “buy” rating and a $8.00 price target on the stock.
View Our Latest Research Report on MSAI
MultiSensor AI Trading Up 7.1 %
MultiSensor AI (NASDAQ:MSAI – Get Free Report) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.17). The company had revenue of $2.28 million for the quarter, compared to the consensus estimate of $2.30 million. On average, research analysts anticipate that MultiSensor AI Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.
Institutional Investors Weigh In On MultiSensor AI
An institutional investor recently bought a new position in MultiSensor AI stock. Sanders Morris Harris LLC purchased a new position in MultiSensor AI Holdings, Inc. (NASDAQ:MSAI – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 445,195 shares of the company’s stock, valued at approximately $1,006,000. Sanders Morris Harris LLC owned 8.59% of MultiSensor AI as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 82.32% of the company’s stock.
MultiSensor AI Company Profile
MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.
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