Pixie Dust Technologies (NASDAQ:PXDT) Shares Up 2.5%

Pixie Dust Technologies, Inc. (NASDAQ:PXDT) shares shot up 2.5% during mid-day trading on Thursday . The company traded as high as $2.55 and last traded at $2.42. 3,655 shares changed hands during trading, a decline of 73% from the average session volume of 13,378 shares. The stock had previously closed at $2.36.

Analyst Ratings Changes

Separately, Fundamental Research set a $5.21 price target on Pixie Dust Technologies and gave the company a “buy” rating in a research report on Tuesday, April 23rd.

Pixie Dust Technologies Stock Up 2.5 %

The stock has a 50-day moving average price of $2.61 and a 200-day moving average price of $5.04. The company has a current ratio of 2.18, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01.

Institutional Trading of Pixie Dust Technologies

An institutional investor recently bought a new position in Pixie Dust Technologies stock. Sumitomo Mitsui Financial Group Inc. bought a new position in Pixie Dust Technologies, Inc. (NASDAQ:PXDT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 56,400 shares of the company’s stock, valued at approximately $494,000. Sumitomo Mitsui Financial Group Inc. owned about 0.38% of Pixie Dust Technologies at the end of the most recent reporting period. 0.39% of the stock is owned by hedge funds and other institutional investors.

Pixie Dust Technologies Company Profile

Pixie Dust Technologies, Inc, a technology company, focuses on personal care and diversity, and workspace and digital transformation businesses primarily in Japan. It offers SonoRepro, an ultrasonic non-contact vibrotactile stimulation scalp care device; VUEVO, a series of directional voice arrival detection devices for individuals with deaf and hard-of-hearing; and kikippa, an acoustic stimulation device functioning as a desk-top speaker.