STRATA Skin Sciences (NASDAQ:SSKN) Stock Crosses Above 200 Day Moving Average – Should You Sell?

STRATA Skin Sciences, Inc. (NASDAQ:SSKN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.07 and traded as high as $3.19. STRATA Skin Sciences shares last traded at $2.91, with a volume of 13,587 shares trading hands.

STRATA Skin Sciences Price Performance

The business’s 50-day simple moving average is $3.03 and its two-hundred day simple moving average is $3.06. The stock has a market cap of $12.14 million, a price-to-earnings ratio of -1.09 and a beta of 1.32. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.13 and a quick ratio of 0.94.

Hedge Funds Weigh In On STRATA Skin Sciences

An institutional investor recently bought a new position in STRATA Skin Sciences stock. Azzad Asset Management Inc. ADV purchased a new position in shares of STRATA Skin Sciences, Inc. (NASDAQ:SSKN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,000 shares of the medical device company’s stock, valued at approximately $33,000. Azzad Asset Management Inc. ADV owned about 0.34% of STRATA Skin Sciences at the end of the most recent quarter. 32.43% of the stock is owned by institutional investors and hedge funds.

STRATA Skin Sciences Company Profile

STRATA Skin Sciences, Inc, a medical technology company, develops, commercializes, and markets products for the treatment of dermatologic conditions in the United States, Europe, the Middle East, Asia, Australia, South Africa, and Central and South America. The company operates in two segments, Dermatology Recurring Procedures and Dermatology Procedures Equipment.