Know Labs (NYSEAMERICAN:KNW) Trading Down 11.3% – Time to Sell?

Know Labs, Inc. (NYSEAMERICAN:KNW) shares were down 11.3% on Friday . The company traded as low as $0.19 and last traded at $0.21. Approximately 1,348,592 shares changed hands during mid-day trading, an increase of 383% from the average daily volume of 279,144 shares. The stock had previously closed at $0.24.

Know Labs Stock Performance

The firm has a market capitalization of $23.03 million, a P/E ratio of -1.07 and a beta of 1.50.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Know Labs stock. PFG Investments LLC grew its holdings in shares of Know Labs, Inc. (NYSEAMERICAN:KNW) by 886.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 976,838 shares of the company’s stock after purchasing an additional 877,838 shares during the quarter. PFG Investments LLC owned about 0.98% of Know Labs worth $280,000 as of its most recent filing with the Securities and Exchange Commission. 23.96% of the stock is owned by institutional investors.

Know Labs Company Profile

Know Labs, Inc, together with its subsidiaries, focuses on the development and commercialization of proprietary sensor technology by radio and microwave spectroscopy in the United States. The company's proprietary platform technologies include ChromaID and Bio-RFID technologies that utilizes electromagnetic energy to detect, record, identify, and measure the signature of said materials or analytes.