Foresight Autonomous (NASDAQ:FRSX) Trading Down 8.3% – Time to Sell?

Shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) were down 8.3% during mid-day trading on Tuesday . The stock traded as low as $1.51 and last traded at $1.54. Approximately 343,246 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 523,101 shares. The stock had previously closed at $1.68.

Foresight Autonomous Stock Down 8.3 %

The stock has a 50-day moving average of $0.93 and a 200 day moving average of $0.85. The company has a market capitalization of $16.68 million, a PE ratio of -1.51 and a beta of 1.73.

Hedge Funds Weigh In On Foresight Autonomous

A hedge fund recently bought a new stake in Foresight Autonomous stock. Altshuler Shaham Ltd acquired a new stake in Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) in the second quarter, according to its most recent filing with the SEC. The fund acquired 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous makes up 0.1% of Altshuler Shaham Ltd’s holdings, making the stock its 26th largest holding. Altshuler Shaham Ltd owned approximately 27.23% of Foresight Autonomous as of its most recent filing with the SEC. Hedge funds and other institutional investors own 23.45% of the company’s stock.

Foresight Autonomous Company Profile

Foresight Autonomous Holdings Ltd., a technology company, engages in the development of smart multi-spectral 3D vision software solutions and cellular-based applications for the automotive industry in Israel, Japan, the United States, and internationally. It develops in-line-of-sight vision solutions and beyond-line-of-site accident-prevention solutions.