MultiSensor AI (NASDAQ:MSAI) Trading Down 0.8% – Time to Sell?

Shares of MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) dropped 0.8% on Tuesday . The stock traded as low as $1.26 and last traded at $1.28. Approximately 101,934 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 2,506,453 shares. The stock had previously closed at $1.29.

MultiSensor AI Stock Down 0.8 %

The company has a 50 day moving average price of $1.65 and a two-hundred day moving average price of $1.83.

MultiSensor AI (NASDAQ:MSAI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.20). The firm had revenue of $1.60 million for the quarter, compared to analysts’ expectations of $4.50 million. MultiSensor AI had a negative net margin of 464.06% and a negative return on equity of 668.81%. As a group, research analysts expect that MultiSensor AI Holdings, Inc. will post -0.83 EPS for the current fiscal year.

Institutional Trading of MultiSensor AI

A number of hedge funds have recently bought and sold shares of MSAI. E&G Advisors LP purchased a new stake in MultiSensor AI during the third quarter valued at $38,000. Verus Capital Partners LLC bought a new stake in MultiSensor AI during the third quarter valued at about $38,000. Geode Capital Management LLC grew its holdings in MultiSensor AI by 149.9% during the third quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock valued at $279,000 after purchasing an additional 77,497 shares during the period. 272 Capital LP bought a new stake in MultiSensor AI during the third quarter valued at about $243,000. Finally, Cherrydale Wealth Management LLC bought a new stake in MultiSensor AI during the fourth quarter valued at about $138,000. 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.