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

Know Labs, Inc. (NYSEAMERICAN:KNW)’s stock price dropped 11.3% on Friday . The stock traded as low as $0.19 and last traded at $0.21. Approximately 1,348,592 shares were traded 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 Price Performance

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

Institutional Trading of Know Labs

A hedge fund recently raised its stake in Know Labs stock. PFG Investments LLC lifted its stake in shares of Know Labs, Inc. (NYSEAMERICAN:KNW) by 886.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 976,838 shares of the company’s stock after buying an additional 877,838 shares during the quarter. PFG Investments LLC owned about 0.98% of Know Labs worth $280,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 23.96% of the company’s stock.

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.