MultiSensor AI (NASDAQ:MSAI) Stock Price Down 0.6% – Time to Sell?

Shares of MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) dropped 0.6% during trading on Wednesday . The company traded as low as $1.56 and last traded at $1.59. Approximately 39,044 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 74,415 shares. The stock had previously closed at $1.60.

MultiSensor AI Stock Down 2.5 %

The business’s 50 day moving average price is $1.83 and its two-hundred day moving average price is $1.90.

MultiSensor AI (NASDAQ:MSAI) last issued its earnings results on Tuesday, November 12th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.20). The company had revenue of $1.60 million during the quarter, compared to analyst estimates of $4.50 million. MultiSensor AI had a negative net margin of 464.06% and a negative return on equity of 668.81%. Sell-side analysts anticipate that MultiSensor AI Holdings, Inc. will post -0.83 earnings per share for the current year.

Institutional Investors Weigh In On MultiSensor AI

Hedge funds and other institutional investors have recently bought and sold shares of the company. Skylands Capital LLC bought a new position in MultiSensor AI in the second quarter valued at about $328,000. 272 Capital LP acquired a new position in shares of MultiSensor AI in the third quarter valued at approximately $243,000. Connective Capital Management LLC bought a new position in MultiSensor AI in the 2nd quarter valued at approximately $137,000. Geode Capital Management LLC raised its holdings in MultiSensor AI by 149.9% in the 3rd quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock valued at $279,000 after buying an additional 77,497 shares during the last quarter. Finally, Sanders Morris Harris LLC boosted its position in MultiSensor AI by 1.9% during the 3rd quarter. Sanders Morris Harris LLC now owns 3,375,593 shares of the company’s stock worth $7,291,000 after buying an additional 62,892 shares during the period. 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.