180 Wealth Advisors LLC bought a new stake in Edesa Biotech, Inc. (NASDAQ:EDSA) in the second quarter, Holdings Channel.com reports. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $70,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp acquired a new stake in Edesa Biotech in the first quarter valued at approximately $83,000. Virtu Financial LLC acquired a new stake in Edesa Biotech in the first quarter valued at approximately $87,000. Geode Capital Management LLC acquired a new stake in shares of Edesa Biotech in the first quarter worth $157,000. Finally, Vanguard Group Inc. lifted its stake in shares of Edesa Biotech by 88.9% in the second quarter. Vanguard Group Inc. now owns 109,158 shares of the company’s stock worth $576,000 after buying an additional 51,369 shares during the last quarter. Hedge funds and other institutional investors own 1.95% of the company’s stock.
Shares of Edesa Biotech stock opened at $8.04 on Thursday. The firm has a fifty day simple moving average of $6.12 and a 200-day simple moving average of $5.78. Edesa Biotech, Inc. has a 1-year low of $4.05 and a 1-year high of $12.00. The stock has a market capitalization of $106.58 million, a price-to-earnings ratio of -7.81 and a beta of 0.71.
Edesa Biotech Company Profile
Edesa Biotech, Inc is a biopharmaceutical company, which focuses on acquiring, developing and commercializing clinical stage drugs for inflammatory and immune-related diseases with clear unmet medical needs. The company product candidate, EB01 is a non-steroidal, anti-inflammatory treatment for chronic allergic contact dermatitis (ACD), a common, potentially debilitating condition and occupational illness.
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