MultiSensor AI (NASDAQ:MSAI) Trading 1.4% Higher

Shares of MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) traded up 1.4% on Tuesday . The company traded as high as $2.25 and last traded at $2.19. 11,256 shares changed hands during trading, a decline of 88% from the average session volume of 91,192 shares. The stock had previously closed at $2.16.

MultiSensor AI Price Performance

The company has a 50-day simple moving average of $1.86 and a 200-day simple moving average of $2.23.

MultiSensor AI (NASDAQ:MSAI) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.35). The company had revenue of $2.13 million for the quarter, compared to analyst estimates of $3.20 million. On average, equities research analysts expect that MultiSensor AI Holdings, Inc. will post -0.27 earnings per share for the current year.

Institutional Trading of MultiSensor AI

Hedge funds have recently modified their holdings of the stock. Murchinson Ltd. acquired a new position in MultiSensor AI during the 1st quarter worth $41,000. Connective Capital Management LLC acquired a new position in shares of MultiSensor AI during the second quarter valued at $137,000. Skylands Capital LLC acquired a new position in shares of MultiSensor AI during the second quarter valued at $328,000. Finally, Sanders Morris Harris LLC bought a new position in MultiSensor AI in the first quarter valued at about $1,006,000. 82.32% of the stock is owned by institutional investors.

About MultiSensor AI

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.