Know Labs (NYSEAMERICAN:KNW) Shares Down 7.5% – Here’s What Happened

Know Labs, Inc. (NYSEAMERICAN:KNW)’s stock price dropped 7.5% during trading on Wednesday . The stock traded as low as $0.84 and last traded at $0.89. Approximately 298,564 shares were traded during mid-day trading, an increase of 748% from the average daily volume of 35,210 shares. The stock had previously closed at $0.96.

Know Labs Stock Down 7.5 %

The firm has a market capitalization of $98.94 million, a PE ratio of -4.45 and a beta of 1.54.

Institutional Trading of Know Labs

A hedge fund recently bought a new stake in Know Labs stock. Ingalls & Snyder LLC bought a new position in shares of Know Labs, Inc. (NYSEAMERICAN:KNW) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 416,667 shares of the company’s stock, valued at approximately $72,000. Ingalls & Snyder LLC owned 0.37% of Know Labs at the end of the most recent quarter. 23.96% of the stock is owned by hedge funds and other institutional investors.

About Know Labs

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.