Knightscope (NASDAQ:KSCP) Shares Down 4.8%

Knightscope, Inc. (NASDAQ:KSCP)’s stock price dropped 4.8% during trading on Thursday . The stock traded as low as $5.30 and last traded at $5.34. Approximately 71,853 shares traded hands during mid-day trading, an increase of 54% from the average daily volume of 46,669 shares. The stock had previously closed at $5.61.

Knightscope Stock Down 0.6 %

The company has a market cap of $587.26 million, a price-to-earnings ratio of -15.12 and a beta of 1.90. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 0.35.

Knightscope (NASDAQ:KSCP) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $3.20 million during the quarter.

Hedge Funds Weigh In On Knightscope

A hedge fund recently raised its stake in Knightscope stock. Kingsview Wealth Management LLC increased its holdings in shares of Knightscope, Inc. (NASDAQ:KSCP) by 50.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,750 shares of the company’s stock after purchasing an additional 62,850 shares during the period. Kingsview Wealth Management LLC owned 0.20% of Knightscope worth $94,000 as of its most recent SEC filing. Institutional investors and hedge funds own 14.61% of the company’s stock.

About Knightscope

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.