Sanders Morris Harris LLC Takes Position in MultiSensor AI Holdings, Inc. (NASDAQ:MSAI)

Posted by Faye Duncan on Jun 23rd, 2024

Sanders Morris Harris LLC bought a new stake in MultiSensor AI Holdings, Inc. (NASDAQ:MSAI – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 445,195 shares of the company’s stock, valued at approximately $1,006,000. Sanders Morris Harris LLC owned approximately 8.59% of MultiSensor AI as of its most recent filing with the Securities and Exchange Commission (SEC).

MultiSensor AI Price Performance

MSAI stock traded down $0.13 during midday trading on Friday, reaching $1.97. The stock had a trading volume of 20,308 shares, compared to its average volume of 9,475. The business’s fifty day moving average price is $2.43. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 1.25. MultiSensor AI Holdings, Inc. has a twelve month low of $1.89 and a twelve month high of $14.00.

MultiSensor AI (NASDAQ:MSAI – Get Free Report) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.17). The company had revenue of $2.28 million during the quarter, compared to analysts’ expectations of $2.30 million. Research analysts expect that MultiSensor AI Holdings, Inc. will post -0.27 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm assumed coverage on MultiSensor AI in a research note on Monday, April 15th. They issued a “buy” rating and a $8.00 target price for the company.

Read Our Latest Research Report on MultiSensor AI

About MultiSensor AI

(Free Report)

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.